Markets

Chinese Firm to Build Cayman Port

By: Caribbean Journal Staff - June 17, 2011

A CHEC visit to the Bahamas earlier this year (Photo: CHEC)

Cayman Premier McKeeva Bush said he expects to sign an agreement with a Chinese developer to build a new port in George Town. The company, China Harbour Engineering Company, is working on a number of projects in the Caribbean. In April, China Harbour signed a memorandum of understanding with the Bahamas for the company to perform infrastructure work in Abaco and Exuma. It is also working on a $400 million road project in Jamaica. [AP via BusinessWeek]

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