The Cayman Islands Government’s (CIG), Ministry of District Administration, Tourism and Transport has launched a tender process to seek a private partner for the development of a new Cruise Berthing Facility (CBF) in George Town.
The project functional requirements consist of:
As the project will be located at the existing port facility that serves both cruise and cargo operations this will be a phased construction.
The deadline for submitting proposals is June, 30. Further information is available here.
As we reported in November 2013, the government approved the Outline Business Case (OBC) for the project. The Government had set out eight options for consideration which varied from a 'do nothing' option through to a two pier solution (accommodating four ships) with a relocated cargo dock. After careful assessment of all the listed options, PwC - Government's financial consultants for the project - reduced the eight options to a 'preferred solution,' which comprised the construction of two piers, with consideration for relocating the cargo dock in the future but not as part of the current project.
Ancala Partners, the independent mid-market infrastructure investment manager, and The Peel Group, one of the UK’s leading private real estate investment and infrastructure companies, have announced a joint venture to establish an independent multi-utility operator to be named Leep Utilities.
Read moreOctopus Investments Limited, the specialist alternatives manager has announced the successful close of the energy fund Renewable Energy Income Partnership at c.£300 million.
Read moreAmber-managed fund International Public Partnerships Ltd has raised £330 million (US$425 million) following significant over-subscription of the issue announced on 12 April.
Read moreInternational Public Partnerships Limited (INPP) has announced that it has acquired an additional interest in the Wolverhampton Building Schools for the Future (BSF) project.
Read moreThe consortium formed by DIF Infrastructure IV, HICL Infrastructure Company Limited and Allianz Capital Partners on behalf of Allianz Group has announce that it has reached agreement to acquire a 36.6% equity interest in the various entities that comprise the Affinity Water Group from funds managed by Morgan Stanley and InfraCapital.
Read more