Premier McKeeva Bush said Thursday that
he expects to sign a memorandum of understanding with a Chinese company to
dredge a deep-water channel in the North Sound.
Speaking at the Fidelity Cayman
Business Outlook conference, Mr. Bush said he believed that a channel in the
North Sound would provide the potential for recreation, habitat preservation
and development, as well as offering integration opportunities for local hotels
“Rest assured, these projects will
provide numerous benefits to residents and visitors alike,” he said.
Mr. Bush, who has long advocated the
creation of a deep water channel in the North Sound, said he wanted to make it
clear that the government was not seeking impact the entire North Sound.
“We are simply turning our thoughts to
the smallest but most practical channel being developed within the North Sound,
traversing the West Bay side of it and coming up to the airport and beyond…
leaving the vast remainder of the Sound untouched,” he said.
Mr. Bush said the Government was
currently exploring an interest in major investment expressed by a Chinese
Company “to provide the necessary infrastructure to take full advantage of the
channel from an economic perspective, while mitigating any potential adverse
impacts on the environment.”