The Port of Corpus Christi and global alternative asset manager Carlyle Group agreed to develop the first onshore VLCC loading terminal at Harbor Island by the end of 2020, the companies said in a statement Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The terminal project includes the development of at least two loading docks at Harbor Island as well as crude oil tank storage inland across Redfish Bay on land secured by Carlyle. Dredging of the 36-mile main access channel from the Gulf of Mexico to Harbor Island to at least 75 feet from the current 47 feet will be funded privately, according to the statement. “Construction of the terminal would require no capital outlay from local taxpayers,” the statement said, as Carlyle agreed to arrange for a private funding solution through its Global Infrastructure Fund in addition to the regular […]