Cabinet notes: The Minister of Tourism informed that the Royal Caribbean Cruise Line will move forward on its investment at Fort James; drawings are being completed that will be submitted to DCA.
The RCC will build an entertainment center costing more than US$50 million dollars on the land east of the beach, to provide entertainment for its cruise passengers when their large Quantum Class vessels discharge their thousands of passengers upon docking at the newly-built pier in St. John’s.
Global Ports Holding will shortly be proceeding with the building of shops at the landside of the new pier and upgrades at the Heritage Quay Shopping Center.
GPH has already paid-off a $21 million dollar debt to ACB which was owed by SJDC for two decades.
The GPH has continued to pay its staff during this period when no cruise ships have called at the St. John’s ports.
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Great this will aid us in our economic outlook for the year. It may not have a great trickle down effect in the first pahses of the project. But any such capital project will create value in the end
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