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Global Ports Holding to Redevelop Nassau Cruise Port

By ,   February 27, 2019 ,   Cruise Industry

A consortium that includes Global Ports Holding has won a competition to redevelop and run Prince George Wharf and related areas at Nassau cruise port, Bahamas.

According to Global Ports Holding, its proposal would increase the number of cruise berths from 6 to 8 at one of the world's busiest cruise ports. 

The plan calls for the construction of a terminal building, creation of an entertainment area, investment into improving retail, the design and construction of new bars and restaurants, as well as integration of the cruise port into Bay Street and downtown Nassau.

The US$250 million plan is due to be a catalyst for downtown Nassau's wider redevelopment.

Global Ports Holding is the owner of 49% in the winning partnership, that also includes Bahamian Investment Fund (49%) and Yes Foundation (2%).

Port of Nassau (New Providence Island, Bahamas)

The winning consortium will benefit from a 25-year concession at Prince George Wharf.