Global Ports Holding signs 30-year deal to operate Kingstown port
1 report, 1 independent
Updated Sat 00:00
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What happened
Global Ports Holding signed a 30-year concession agreement with the government of Saint Vincent and the Grenadines to develop and operate the St. Vincent Cruise Port in Kingstown. The agreement includes plans for infrastructure modernization and expanding berthing capacity. The company intends to upgrade the port to accommodate larger cruise vessels.
From caribjournal.com
Why it matters
The deal advances investment in the Southern Caribbean port, moving the facility closer to a new phase of management. Global Ports Holding plans a phased investment program to improve the passenger experience and expand the port's ability to handle bigger ships.
From caribjournal.com
Who's involved
- KingstownThe capital city where the cruise port is located.
- Saint VincentThe government of Saint Vincent and the Grenadines that signed the concession agreement.