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Mar 1, 2016

Feasibility Study for Belize City Cruise Port is Underway

In mid-January, Prime Minister Dean Barrow went on record, during an exclusive interview with News Five, to say that he was giving serious thought to the idea of a major financial investment in a cruise terminal in Belize City.  The facility would be erected in Port Loyola, on a property adjacent to Port of Belize Limited.  That consideration succeeds a recent proposal from Ports Investment Limited, the parent company of PBL, which is the receiver of the Port.  Since then several rounds of meetings have been held, including a sit-down with representatives of Waterloo, a subsidiary of the Ashcroft Group.  While details of that meeting weren’t initially forthcoming, Minister of State Tracy Taegar-Panton whose portfolio includes Economic Development, told the media this morning that whereas plans are underway to expand the port, a study is also being conducted to determine the feasibility of a cruise terminal.

 

Tracy Taegar-Panton, Minister of State, Economic Development

Tracy Taegar-Panton

“The Ministry of Investment did participate in a meeting with the Waterloo Group.  That meeting was held here in Belize in which the Waterloo Group which is actually the receiver for the current port facilities are looking at expanding the port facilities as it relates to containers and obviously bulk shipments from Belize.  They are also looking at the feasibility and it’s very preliminary, so I can make that clear, of potentially a cruise ship docking facility in Belize City.  The cruise lines have said to us, you know I’ve worked many years in tourism, have said to us over and over, a birthing facility that allows the passenger to go from ship to land is of critical importance to the further development of the sector.  And so, that’s one proposal we are looking at.  Certainly there are other proposals and other interests.  As those proposals continue to advance we will certainly keep the press informed.”

 

Reporter

“So the door has not been completely shut as we’ve heard previously, to the cruise port that is.”

 

Tracy Taegar-Panton

“Shut to whom?  By whom?”

 

Reporter

“We’ve heard the suggestion that, as of a few weeks ago, that they weren’t completely sold.”

 

Tracy Taegar-Panton

“I’m not sure, which port are you referring to?”

 

Reporter:

“I’m referring to the same initiative, the same…”

 

Reporter

“The Port of Belize.  Apparently Ashcroft did not see it as being a practical investment.  That was the initial report that we had gotten some weeks ago.”

 

Tracy Taegar-Panton

“Certainly that is not the information that I have.  I am not sure what the source of your information is, I know that we are looking at the feasibility of that project.  The Waterloo Group is just one group that is looking at the feasibility of that project and as soon as we can determine whether that project can be viable or not we will certainly keep our partners informed.”

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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