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Apr 5, 2017

Port C.E.O. Says No Deal Yet on Sale

Arturo Vasquez

It’s hard to believe, but it has been five years since the Port of Belize Limited was put in receivership by Ports Investment Limited, seeking to recover loan indebtedness by former owner Luke Espat.  The Port is up for sale and, according to receiver Arturo Vasquez, is attracting some interest. News Five is told that a conglomerate of investors from the U.S. and several Asian countries are among the frontrunners to buy in.  Because of its importance, Vasquez says there will be nothing to hide about the final purchase, though he gave no specifics as to whom he is negotiating with. He did note that more than eleven million dollars in investments will help sweeten the pot for the eventual buyer.


Arturo Vasquez, C.E.O./Receiver, Port of Belize Limited

“In my ‘meet and greet’ last week with the C.W.U.’s new president, I updated them on this. Of course, this same handful of stevedores were claiming that it has already been sold and they seemed to know who it had been sold to. I had no idea, and this place has not been sold. Interest has always been there; the Port is in receivership, and being in receivership, a part of it is that it can be sold. We have nothing concrete; nobody has signed on any dotted lines to say that it’s been sold; the interest is always there and of course, we will entertain the interest as we see fit. We will also share that information how we see best, but obviously, if this Port is to be sold it cannot be a secret. It certainly cannot be a secret. But nothing has happened; nobody has signed on any dotted lines, but yes, there has always been interest.”


Vasquez also told us he has kept the Government up to date on issues with the Port.

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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