Investment Opportunities in the Caribbean

Logistics & Transportation | BRITISH VIRGIN ISLANDS

BRITISH VIRGIN ISLANDS

Name of Project: Cargo Port Rehabilitation and Expansion Project – Transportation Cruise Pier development Transportation Project Location: Road Town, Tortola, British Virgin Islands

Private Sector

Mode of Investment: • Establishing a Joint Venture • Establishing and implementing a project through PPP • Licensing • Management contracts • Seeking a loan Investment amount required in US$: Cargo Port Rehabilitation and Expansion Project Transportation USD $25 million (est.) Cruise Pier development Transportation USD $50 million (est.)

The Projects being envisioned by the British Virgin Islands Ports Authority are intended to provide significant improvement to the cargo import capacity and improvement and increased capacity for cruise passenger arrivals to the Territory. The rehabilitation of the main cargo facility will allow for improved safety and expansion of cargo operations. The Territory imports in excess of eighty percent of the goods used and has been challenged for increased traffic due to operational space restriction. It is estimated the intended expansion would provide additional area of apron at the cargo port. The British Virgin Islands Ports Authority is seeking to expand it cruise passenger arrivals in excess of two million cruise passengers by Fall 2025. This will require the development of a mega ship pier to host two (2) Oasis class cruise ships at a time. This project will require dredging of the proposed location and developing a two-sided pier. The land side of the development requires linking the existing cruise pier and retail park to the proposed development. There is an option to develop a hotel, casino, or small theme park on the land side. The Authority has considered the possibility of PPPs to achieve the required improvements

Contact Person: Oleanvine Maynard, Managing Director Email: OMaynard@bviports.org

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