Cruise port MOU agreed

 A memorandum of agreement that may
pave the way to create a new cruise ship berthing facility in George Town has
been agreed and is now awaiting Cabinet approval.

Stefan Baraud, chairman of the Cayman
Islands Port Authority, and Cameron Graham of CEO of Dart Enterprises Construction
Company, known as DECCO, confirmed that the terms of the agreement had been

The document must now be vetted and
approved by Cabinet, which meets Tuesday, before it can be signed by the
parties involved.

“The MOU has been agreed,” Mr.
Baraud said on Monday evening. “We’re just waiting for its presentation to
Cabinet before we move ahead with the signing.”

In November, Cabinet approved DECCO
as the potential development partner to finance, design and build the proposed
cruise berthing facility and cargo enhancement project.

Since then, negotiations have been continuing
to determine the terms of the agreement.

If the MOU is approved by Cabinet
at its meeting on Tuesday, an announcement and signing of the agreement will

For more details, check Wednesday’s
Caymanian Compass.