$250-million redevelopment deal finalized for Bahamas cruise port

Major redevelopment is coming to Prince George Wharf, with the completion of a 25-year port operation and lease agreement between the government of the Bahamas and the Nassau Cruise Port consortium. The consortium, which includes Global Ports Holding, the Bahamian Investment Fund, and the Yes Foundation, will invest up to US$250 million in the 12-month project. This redevelopment is expected to dramatically transform the area, with an expanded port, new terminal building, entertainment and event complex, and improved transport integration. Once completed, it will be the largest cruise port in GPH’s portfolio.