“Part and parcel of a renewed downtown George Town is cruise ship berthing and enlarged cargo facilities,” were the words of the Hon Alden McLaughlin, Premier of the Cayman Islands.
He then continued to deliver the Governments position on the development of the Cruise Port.
The country has been waiting patiently on this decision and many were not surprised by the decision to move ahead with the Port Facility.
In his presentation at the Annual Legislative Luncheon hosted by the Chamber of Commerce, the Premier outlined a number of achievements by the Progessives led Government and towards the end put everyone’s mind to rest by revealing the decision that the Government had considered the matter carefully and has agreed on the merits of building a cruise port and an enhanced cargo port and to allow the project to proceed to the next stage.
That next stage involves discussions between the Foreign Commonwealth Office, government, and cruise companies, which are needed regarding the design of the piers and the structure of the project’s financing. The cruise companies must have skin in the game as they are needed to guarantee the necessary volume of cruise passengers over the financing period.
The Premier also sought to justify the decision to move ahead by outlining a number of factors including the Cuba element and also that The Cayman Islands is the only Cruise destination in the region without or not currently developing a Cruise Port.
As we have done in previous years we will publish the speech in segments for our readers.
I think that the protesting group should reconsider and think about what their motives are.
My main concerns have been centered on the fiscal responsibility and financial viability of this proposal. I spoke to minister Panton while in the rooster cross talk show and he has assured us all that any question on the government taking the wrong decision when it comes to putting the country at risk with debt lpad and FCO debt compliance should be completely alleviated.
Lastly those protesting should seriously think about he motives of those capaigning (yes it is only a campaign) against the dock and understand the financial drivers of those that will do anything to prevent this dock from becoming a reality.
really think that this entire government has lost their senses and all respect for the people that elected them.
This dock will be a financial disaster for the Cayman Islands.