Minister of Commerce for the Cayman Islands, Charles Clifford, has announced that the company that will carry out a detailed environmental impact study for a major redevelopment project in the George Town port will be chosen by Department of Environment (DoE) officials.
DoE officials will select the company from three names submitted by the investing company, Atlantic Star Limited. DOE has to be satisfied with the selection, Mr Clifford said on Friday, September 12.
Atlantic Star recently signed a memorandum of understanding (MOU) with the government to develop the cruise dock and cargo port separately. At that time, Minister Clifford noted that an environmental impact study would form part of the project's development.
Minister Clifford was giving updates on the planned new cruise and cargo facility during question time, in response to Leader of the Opposition McKeeva Bush and MLA Rolston Anglin.
Under the MOU, the cruise dock will continue operating from the present government facility, while cargo operations will be moved to a new facility, on property owned by Atlantic Star on North Church Street, he said.
Assessments and facilities design are yet to reach the costing stage, Minister Clifford acknowledged.
The MOU allows government and the investor to each have a negotiating team. The government's negotiating team comprises the Commerce Ministry's chief officer; the Port Authority chairman and director; and a financial expert, the Minister said.
Discussions on financial modelling during the negotiation phase would include a return on investment for the developer, he added.
The MOU also allows parallel discussions with other stakeholders, like the Florida Caribbean Cruise Association (FCCA), which has been involved in preliminary discussions regarding redevelopment of the port facilities.
At the appropriate time, the FCCA will be invited into more detailed discussions about the project design, Mr Clifford noted.
Referring to the cargo port's location, the Minister said the George Town site is the best area for a cargo port, "based on the infrastructure that has been developed to date at the cargo distribution centre."
He added that Cayman's forefathers had located the port in George Town because they knew it to be the safest natural harbour in Grand Cayman.
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