GLOBAL CREATES $130 MILLION IN FUNDS FOR NASSAU INVESTMENT

Global Ports Holding issued a $130 million investment for the redevelopment project of Nassau Cruise Port in the Bahamas. The redevelopment of the port facility will occur in three phases, according to the Holding. The first phase of the project, which involves the demolition of current buildings and structures, is underway. Phase two commences within 60 days and involves completing the marine works, which includes material purchases, an expansion of the berthing capacity of the port, and upgrades to existing infrastructure.