Global Ports Holding Plc (GPH), the Istanbul based company that is the world's largest independent cruise port operator, said that the Government of the Bahamas has awarded a 25 year concession to a consortium in which the company has a 49% stake to operate the cruise facilities in Nassau
The consortium is called Nassau Cruise Port Ltd (NCP) and it comprises GPH, the Bahamian Investment Fund and the Yes Foundation as members. The concession entails the Prince George Wharf and related areas, at Nassau cruise port. It handles about 3.7 million passengers each year.
“The Group, NCP and the Government of the Bahamas will now work towards agreeing the terms of a concession agreement. Following the successful execution of the concession agreement, GPH as part of NCP, will use its global expertise and operating model to manage the cruise port operations in Nassau,’ GPH said in a statement.
In addition, NCP will invest in expanding the capacity of the port from six berths to eight berths as well as taking a number of steps to transform the cruise port experience for both passengers and locals.
“The transformation will include the building of a new iconic terminal building, the creation of an event and entertainment area, investment into improving the current retail facilities and the design and construction of new food and beverage facilities as well as integration of the port into Bay Street and downtown Nassau. The new port is expected to act as a catalyst for the wider redevelopment of downtown Nassau,” GPH said.
GPH recently signed agreements with Antigua and the Cuban capital of Havana to operate and develop cruise facilities in both respective locations.