Independent cruise port operator Global Ports Holding is to revamp and run port facilities at Nassau in the Bahamas.
The company is part of a consortium which won a tender for a concession to run the Prince George Wharf and related areas at Nassau cruise port.
Capacity will be expanded from six to eight berths together with the construction of a new terminal building, an event and entertainment area, investment into improving shops and new food and drink facilities.
The new port, which attracts 3.7 million passengers a year is expected to act as a catalyst for the wider redevelopment of downtown Nassau.
Global Port Holding said today that it was in “advanced stage discussions” with local and international banks over long term bank financing for the concession.
Chairman and co-founder Mehmet Kutman said: “This represents GPH’s third new port in the Caribbean in the last 12 months and is a historic moment for the group.
“The GPH team very much look forward to working with our partners and the people of the Bahamas to reinvigorate this iconic cruise port and the city of Nassau.”
CEO Emre Sayin added:”The addition of Nassau to our portfolio will mark an important inflection point in our strategy and growth aspirations.
“Nassau will become the biggest cruise port in our portfolio and will increase our passenger volumes by 50%.
“GPH has an enviable track record of managing cruise port operations around the world and we very much look forward to working with our partners to transform both the cruise port and downtown Nassau for the benefit of Bahamians, cruise passengers and cruise lines.
“We will now work with all parties towards signing a concession for the wonderful destination of Nassau.”