Global Ports Holdings (GPH) will operate Prince George Wharf and related areas at The Bahamas' Nassau Cruise Port for the next 25 years.
According to an agreement with the Government, GPH joined forces with the Bahamas Investment Fund and Yes Foundation to create Nassau Cruise Port Ltd. (NCP) consortium.
Global Ports Holdings announced the company will use its operating model and global expertise to manage Nassau Cruise Port.
The Nassau Cruise Port Ltd. consortium will invest up to US$250M to improve the cruise passenger experience in Nassau and to construct a new terminal to expand the capacity of the port.
The new cruise port facility will feature an intermodal area with taxis, parking spaces, bus stops, space for electric trams to transport cruise tourists between the vessels and the terminal building. The NCP will build events and entertainment area, food and beverage facilities, as well as improve the existing retail space in order to enable artisans and farmers to sell their produce. Work will be carried out to improve traffic flow, signage, and transport connections.