G.O.B Intends to Build Cruise and Cargo Port at PBL  

The Government of Belize is teaming up with a Miami-based company to develop a masterplan for the Port of Belize Limited. Prime Minister Briceño claims that after acquiring the port, the previous owner wanted to charge an exorbitant amount for their already finalized masterplan. So, the G.O.B. is funding its own plan, which will include the construction of a world-class cruise and cargo port. But what does this mean for Stake Bank Enterprises?

 

Prime Minister John Briceño

“The Cabinet has already agreed. I presented a paper to the Cabinet several months ago on what could be the different options. A is the cruise and container port and be is to be able to do just the container port and we saw the options and Cabinet felt it is in the best interest to do both. We are working on the master plan to do that. The previous owners were working on a master plan, but they wanted to just charge us an exorbitant amount of money if we want to take over that plan they are working on. So, we will do our own, pushing us back a few months. There has been a number of companies expressing interest. MSE has interest, Carnival has expressed interest and other investors have expressed interest, but we are not going to do anything until we say this is the plan, who are going to be the strategic investors. There are many people that voice interest, but we don’t want to just jump on it. We need to have a plan. So I believe that by the end of the next government we should have a cruise port and a modern container.”

 

Reporter

“So does that mean Stake Bank is dead. It makes no sense to have two mega cruise port in the Belize District within miles of each other.”

 

Prime Minister John Briceño

“We all knew that Stake Bank was short to medium term investment. The berthing facilities cannot take the big shop. These cruise ships wants to berth on land. The tendering is a big issue. We know that was a temporary fix and we have to build somewhere nearshore.”