Thursday 2 April, 2020

Bahamas: Grand Lucayan development project to create 3000 jobs

[iStock.com/tomalu]

[iStock.com/tomalu]

The Bahamas government has signed an agreement with Royal Caribbean Cruise Line (RCCL) for the redevelopment of the Grand Lucayan properties and cruise port in Grand Bahama.

Speaking at Monday’s signing ceremony, Prime Minister Hubert Minnis said the project which is jointly funded by the RCCL and the Bahamas Port Investments, is expected to create 3000 jobs.

“After many false dawns, there is an exciting new horizon for our second most populous island and economic centre. Both the government and the developer are investing in the future and possibilities of Grand Bahama,” he said.

Prime Minister Minnis said the development is critical to the revitalisation of the Bahamas, after the devastation left in the wake of hurricane Dorian.

He said a number of benefits will be derived from the project, chief among them capital investment and employment opportunities for Bahamians in the tourism and construction industries.

PM Minnis said the government also projects increased commerce for local businesses in the Port Lucaya Market Place and increased revenue which will enable the government to support infrastructural programmes.

Training programs for Bahamians will be available through the RCCL Training Academy.

The Prime Minister said the Grand Bahama’s proximity to the large Florida market will promote sustainable economic growth and development on the island.

He said “This investment will also expand the experience for cruise passengers to The Bahamas.”

The Lucaya Property will include a 526-room hotel, retail space, 40,000 square foot convention centre, water and adventure park and other amenities.

The construction phase of the project should be completed in 24 months.

 

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