Relevant EY Recommendations:
7.1 – Sale or lease of existing port(s)
OR 7.2 – PPP to develop and operate terminal facility
The Government has announced its support in principle for the project and is finalising the business case for new cruise berth facilities in George Town. The improvements will make a significant contribution to supporting continued growth in the key tourism sector. The case is, therefore, largely economic since the new facilities would create new jobs and help to safeguard existing employment, principally in George Town but across Grand Cayman more generally. An Environmental Impact Assessment has been commissioned and appropriate environmental mitigation is under consideration as part of the development of the project.
Discussions with the cruise lines and others in respect of financing the project are under way. Once those discussions are complete and the project is given the final go-ahead, any Government investment will be considered against the potential benefits.
Current Status: In Business Case development