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Cayman Seeks Partner For New Cruise Facility

by Jason Gorringe, Tax-News.com, London

15 May 2013


Following the approval of proposals by the Cabinet, the Government of the Cayman Islands has sought expressions of interest for the development of new cruise berthing facilities in George Town under a Public-Private Partnership.

Cabinet approved a policy document on the development of the new facility, and enhancements to existing facilities at Spotts Landing, to further support the growth in cruise ship arrivals to Cayman.

Cayman Governor, Duncan Taylor, stated: "I am happy to see that a clearly defined and robust procurement process has begun, and that the Government is committed to an open and transparent process in the development of the cruise berthing facility."

Cayman Tourism Minister, Cline Glidden, explained: "The policy is intended to support the Government's goal of enabling success in the islands' tourism industry. Specifically, it addresses obtaining increased representation on cruise ship itineraries for the Cayman Islands, with a view to developing more tourism opportunities for our people."

"A number of benefits will accrue from the project. The construction and development phase, followed by a fully operational facility will generate additional jobs for our people. More importantly, it will deliver significant economic benefits to the islands, notably improving public revenue and raising the Gross Domestic Product (GDP) from increased visitor spending."

Ministry of Tourism and Development Chief Officer Stran Bodden said that a competitive procurement process will identify private sector partners who will be responsible for designing, building and financing the facility. The exact number of berths and the size of the piers will be negotiated with prospective investors as part of the procurement process, he said.

After the project is complete, "operational responsibility will then revert to the Port Authority for strategic reasons," he confirmed.

TAGS: marine

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