News Summary
Rhode Island officials and Quonset Development Corporation inaugurated the new Terminal 5 Pier at the Port of Davisville, marking the first new pier construction in nearly 70 years. The $234 million investment enhances the region’s maritime infrastructure and includes specialized berthing spaces for various vessels. This development will support local businesses, create jobs, and position Quonset as a hub for maritime technology. Improved access and facilities are expected to yield significant economic benefits and support ongoing growth in Rhode Island’s economy.
Rhode Island leaders and the Quonset Development Corporation celebrated the official opening of the new Terminal 5 Pier at the Port of Davisville during a ribbon-cutting ceremony held on Friday. This milestone marks the first new pier constructed at Quonset in nearly 70 years, signifying a significant investment in the region’s maritime infrastructure.
The Terminal 5 Pier offers specialized berthing spaces designed to accommodate a variety of vessels and cargoes. Additionally, the pier features the Blue Economy Support Docks, which are specifically tailored for smaller boats, thereby supporting local small businesses and research organizations. This development represents an overall investment of approximately $234 million, funded through State Fiscal Recovery Funds derived from the American Rescue Plan Act.
The Port of Davisville is notable for being one of the top 10 auto importers in North America and is recognized as Rhode Island’s only public port, providing critical support for over 1,600 jobs. With the completion of Terminal 5 Pier and the Blue Economy Support Docks, the port is set to enjoy a new 50-year service life for its infrastructure, enhancing its capabilities.
Quonset Development Corporation’s Managing Director highlighted the importance of improved waterfront access for local businesses, asserting that the new facilities will provide significant economic benefits. Rhode Island Governor Dan McKee emphasized that this project signifies the state’s ongoing commitment to economic progress, while U.S. Senator Jack Reed pointed to the critical role of federal funding in enhancing port infrastructure and sustaining job growth.
U.S. Senator Sheldon Whitehouse noted the economic opportunities and job creation that the Terminal 5 project would usher in, particularly within the Blue Economy, which focuses on sustainable ocean and coastal economic activities. Similarly, U.S. Representative Gabe Amo stated that the upgrades will enhance Rhode Island’s standing in trade and renewable energy sectors.
The development is expected to stimulate ongoing economic growth at Quonset, establishing it as a hub for maritime technology companies. Companies like REGENT Craft asserted that the quality of maritime infrastructure at Quonset is crucial for their business operations. Additionally, Anduril Industries acknowledged that access to the new docks will facilitate their work in the production and testing of autonomous vehicles.
The construction of the Terminal 5 Pier and support docks was completed on time and within budget by Manafort Brothers, Inc., and WSP, Inc. Quonset Park is currently home to over 14,800 jobs spanning 252 companies, contributing significant annual household income and tax revenue to Rhode Island. This project reinforces the strategic importance of the port and positions it for future growth and innovation in the maritime sector.
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