Investment Opportunities in the Caribbean

Logistics & Transportation | DOMINICA

DOMINICA

Name of Project: Cruise/Cargo Pier Development - Woodbridge Bay Fond Cole, Roseau Dominica Project Location: Woodbridge Bay - Dominica

Public Sector

Mode of Investment: Establishing and implementing a project through PPP. The PPP structure requires no Government/DASPA financial participation, no sovereign guaranty, and/or signing of promissory notes. The Development Group PPP financing private-sector project finance initiative is with: No recourse or financial obligation to Dominica, No sovereign guaranty, No Dominica debt obligation or Dominica funds required from the Government. This PPP is to better leverage privatization investment in infrastructure and service provision. The Development Group will be based upon milestones under an exclusive executed “Development Agreement” which will include an amplification of the conditions cited herein. Whenever possible, the Developer will maximize the local procurement of Dominica sourced goods, services, subcontractors, employment, and training.

Thisproject aims toenhance thecruise facilities,minimize theadverse impacts of cruise on cargo operations and reduce the inherent risks associated with a multi-purpose port; please refer to attached document which provides more detailed information of what the project entails. A Special Purpose Vehicle (SPV) will be formed in Dominica to establish a Public Private Partnership (PPP) for the cruise/cargo pier development. The Developers will raise the entire amount of funding necessary to complete the Project including the pier, on-land development and cargo storage staging and distribution facility. The new pier associated land for the on-land development and the seabed lease, will be pledged as mortgage security to the Lender and will be a “free and clear property” to the Government of Dominica/DASPA when the Senior Loan is repaid. The Government of Dominica/DASPA will continue operating the port facility including the new pier under a lease arrangement from the SPV. The lease agreement will include budgeted amounts in a capital reserve account to maintain the quality of the piers and distribution facility. Lease agreements will also be required for the cruise port(s), seabed, and the cargo distribution center land. The Authority is willing to enter into negotiations for a 30-year concession with the proposed investor regarding a share of the head tax revenues paid by cruise lines for each passenger.

Investment amount required in US$: USD $110 million

Contact Person: Benoit Bardouille, Chief Executive Officer Email: ceo@daspa.dm Telephone Number: +1 (767) 255 9100

36