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10 Oct 2019 | 09:27

Global Ports reveals plans to transform Prince George Wharf Cruise Port in Nassau as operations get underway

Cruise port operator Global Ports said that it had started operating the Prince George Wharf Cruise Port in Nassau and reveal plans to expand the port.

GPH also said that together with its partner Bahamian Investment Fund it would invest up to $250m in expanding the capacity of the port as well as taking a number of innovative steps to 'transform the cruise port and down town experience for both passengers and the local population.'

The construction phase wqas expected to start in the fourth quarter of 2019 and was anticipated to be completed within 24 months. Once construction has been completed total revenues are expected to be in the range of $35-40m per annum, Global Ports said.

At 9:27am: (LON:GPH) Global Ports Holding Plc share price was -2.5p at 295p

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