I-C Contractors submitted a low-base bid of US$820,988 for the expansion project, which port executive director Wayne Stubbs said should take about six months to complete.
Stubbs said the project's first phase would add about 400 new spaces to the port's container yard.
"Basically, the whole project deepens our container yard by 30 percent of what it is today," Stubbs said.
The scope of work involved with the project's first phase includes the completion of a covered storage canopy and truck loading dock with dock levellers, according to port documents.
Stubbs said the first phase would include relocating truck wells to a new loading area and relocating an operations office.