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Antigua Cruise Port completes $30M Pier

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Antigua Cruise Port announced today that it has completed construction of the fifth berth, which is the newest pier at St John’s Port.

This momentous $30 million investment, which was undertaken before the COVID-19 pandemic spread across the world, was finalized in November 2020 despite minimal interruption created by the unwelcome virus.

The pier work was part of the $80 million agreement signed in 2019 between Global Ports Holding and the Government of Antigua and Barbuda to redevelop the cruise complex.

The new pier and the entire redevelopment will generate significant economic and other benefits for the tourism sector and for the entire country upon the return of sailing.

“Global Ports Holding has successfully delivered on its commitment to complete the fifth berth and has repaid $21 million of debt on behalf of the government, which was tied to the construction of the Nevis Street Pier,” said Dona Regis-Prosper, General Manager of Antigua Cruise Port.

“We were especially thrilled to have maintained our construction timeline and finalized the pier project during the pandemic. Our construction team, port employees, and other partners worked tirelessly to ensure that we remained on schedule and finished the job. We are very excited about the results.” “Completing this pier was a huge priority for us,” said Mehmet Kutman, Chairman of Global Ports Holding.

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“As we expand our presence across the Caribbean, it is of the utmost importance that we follow through on our commitments to the destinations we serve. We believe in the Antigua tourism product and are pleased to have a very positive working relationship with the Government, which has made this project much easier for us to complete. My sincere thanks to Dona and the entire team at Antigua Cruise Port, to Meridian Construction, and to all our port partners for making this project a success.” Mrs. Regis-Prosper noted that conversations between Antigua Cruise Port and its cruise partners have increased now that the fifth berth is ready. “Our booking rates for the second half of 2021 and for 2022 are on the rise.

Now that the cruise lines are aware that there is more berth space in Antigua, we are receiving more bookings from cruise lines that want to offer itineraries that include our destination. This includes calls with Royal Caribbean Cruise Lines, who are very interested in bringing passengers here on Oasis Class ships now that the fifth berth can accommodate these massive vessels. Based on our current projections, we estimate that some 285,000 passengers could visit Antigua between October and December of 2021, depending on when cruising resumes.”

With this information, Antigua Cruise Port is collaborating with the Government to develop new health protocols for the port to support the robust health and safety measures that were implemented at the start of the pandemic. “We want everyone to know that our port and our destination are safe to visit based on the highest global standards of cleanliness and COVID-19 precautions.” Regis noted.

“We have also commenced discussions with cruise lines that have not historically called on Antigua but are interested in coming here based on what we have created and on our plans for further redevelopment of the cruise complex,” she added. “This new business will complement our plan to convert Antigua Cruise Port into a home port by 2023, an idea which has piqued the interest of several major cruise lines.”

“Our next area of focus is the $2 million uplift of the Heritage Quay Shopping Mall and the $25 million commercial development at Pointe. This expansion will create more opportunities for local entrepreneurs, which will, by extension, make a significant impact on the community. The existing tenants of the shopping complex will, of course, be given priority.”

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]