St. Vincent and the Grenadines cruise port development

Overview

The Government of St. Vincent and the Grenadines announced plans to partner with Global Ports Holding (GPH) to address infrastructure constraints and manage a projected 43% increase in cruise tourism passengers for the 2026–2027 season.

On October 26, the government signed a 30-year agreement with GPH to modernize and expand the nation’s cruise tourism infrastructure. While the government retains 100% ownership of all physical port facilities, GPH has been granted operational, management, and development rights. The deal mandates a minimum investment of US$80 million from GPH across two phases: an initial US$20 million to expand existing berths in Kingstown, and a subsequent US$60 million for a new pier west of Kingstown and a new pier at Clifton, Union Island.

To promote local economic participation, the contract includes a Special Purpose Vehicle (SPV) allowing Vincentian citizens and local entities to acquire up to a 30% equity stake in local GPH operations, with priority given to local retail investors.

Entities

Global Ports Holding · St. Vincent and the Grenadines · Union Island · Kingstown

Timeline

1 day ago

[BUSINESS] 5 sources
St. Vincent and the Grenadines signs cruise port deal with Global Ports Holding
St. Vincent and the Grenadines has signed a 30-year deal with Global Ports Holding for a US$80 million cruise port expansion, maintaining state ownership while allowing up to 30% local equity participation.
6 days ago

[BUSINESS] 2 sources
St. Vincent and the Grenadines announces cruise port partnership and new port fees
St. Vincent and the Grenadines will partner with Global Ports Holding to upgrade cruise operations, while new MPOC container handling fees introduce additional costs for local businesses.

Sources

bairdmaritime.com · borsagundem.com.tr · onenewsstvincent.com · stvincenttimes.com · vincypowanews.com