Nassau Cruise Port Ltd (NCP), the consortium comprised of Global Ports Holding (GPH), the Bahamas Investment Fund (BIF), and the Yes Foundation, has signed a 25-year port operation and lease agreement with the Government of the Bahamas for the development of the Prince George Wharf and related areas at Nassau cruise port.
Nassau is the capital city of the Bahamas and one of the most popular cruise destinations in the world, welcoming 3.7 million passengers per annum. NCP will invest up to US$250 million in the development and expansion of the port. The development will include the construction of a new 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.
The project will also seek to improve the transport connections and traffic flow through an intermodal area for bus stops, taxis, and parking. It will also feature electric trams to transport passengers from ships to the terminal.
Country updates
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March 01, 2019
Preferred bidder selected for cruise port concession in the Bahamas
Global Ports Holding Plc (GPH) has announced that, following a competitive Request for Proposal (RFP) process, the Government of the Bahamas has awarded Nassau Cruise Port Ltd (NCP), a conso...
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December 05, 2018
Bahamas adopts new PPP policy framework
The Government of the Bahamas has established a formal policy for public private partnerships (PPP) that sets out clear definitions and terms to govern the process of identifying, screening, procuring...
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February 19, 2018
The Cabinet of the Bahamas has approved the contract for the project and the proceeding of its development, which includes a $25 million bond offering
The Cabinet of the Bahamas has approved the contract for the project and the proceeding of its development, which includes a $25 million bond offering. The contract was signed by the previous government just 24 hours before the general election
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September 09, 2014
Bahamas requests EOI for PPP portfolio
The Government of The Bahamas through the Ministry of Finance invites 'Expressions of Interest' (EOI) for the development of infrastructure projects such as schools, roads and office buildings under v...
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