by Larry Smith
In this space recently I reviewed plans to move the container port to Arawak Cay in the context of revitalising the city of Nassau. But there has been an unfortunate failure to communicate on this project, and some of the parameters discussed earlier have changed.
So I met with the board of directors of the Arawak Cay Port Development Company (APD) last week for an authoritative update.
The latest draft of the agreement between the government and the developers (which could be the final version) is now at the Office of the Prime Minister. Expectations are that it will be signed within days, after which contractors would be mobilised to begin work.
If this happens, the deal will have taken one year to conclude, at a cost to APD's shareholders of about a million dollars so far. Those shareholders include the entire Bahamian shipping industry - 19 partners in all. They range from domestic and international shippers to stevedoring firms, dry bulk importers, and ferry operators.