Bush/BinLaden Investment co (Carlyle) to take over Galveston Port Operations

[elehhhhna]

Galveston port poised to outsource its operations
By HARVEY RICE
HOUSTON CHRONICLE
March 4, 2011, 9:02PM
Share Del.icio.usDiggTwitterFacebookStumbleUponEmail Close GALVESTON — The Port of Galveston is in final negotiations to lease its facilities to a major investment group, which could make it the first U.S. port to turn over its entire operation to the private sector.

Several U.S. ports lease terminal operations to private operators, but "in this case it is the entire port structure, which is really a unique opportunity," said economist John Martin, who heads Martin Associates, based in Lancaster, Pa.

Martin Associates had done work for every U.S. port and did the economic study for the proposed lease, a 50/50 joint venture of global investment firm Carlyle Group and Hong Kong-based Hutchison Port Holdings, the world's largest stevedore-terminal operator with operations in more than 50 ports in 25 countries.

Both companies declined comment.
http://www.chron.com/disp/story.mpl/metropolitan/7457880.html

[SDuderstadt]

1. Are you suggesting that...

either the Bush or bin Laden families somehow control the Carlyle Group?

That would be news to the Carlyle Group.