Norwegian $100 Million Dollar Investment gets Green Light Print E-mail
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Thursday, 01 August 2013 00:00

Prime Minister, Dean Barrow, confirmed to The Guardian that the Government of Belize and Norwegian Cruise Line are in the process of signing a Memorandum of Understanding within the next few days. The Memorandum will be signed by representatives of the cruise line and the Minister of Foreign Investment, Hon. Erwin Contreras. According to the PM, he will not be signing. He did explain that the MOU has the support of Government and is significantly modified from the original proposal by the cruise line. He added that the MOU is not legally binding.

As it relates to cruise tourism being introduced in the southern part of the country, the Prime Minister stated that it is a U.S. $50 Million investment, which will bring employment and economic benefits to that part of the country. But even as that takes place, he stated that it is not an exclusive venture and the Cabinet is satisfied that it is the right thing to do. He categorically stated that the entire idea behind the project is to have Belizeans involved in every aspect of the venture. He explained that this means that tours will be conducted by Belizeans, in the construction phase Belizeans will be employed and there are also proposals being put forward to ensure that Belizean businesses are set up at the location of the development, which is Harvest Caye.    
PM Barrow concluded by explaining that there will always be critics when major projects are being implemented but the entire negotiations are being done in an open, fair and transparent process.