The government has entered into a funding agreement with MSC Cruises toward the costs of constructing Grand Cayman’s cruise berthing facility. This is the fourth cruise company that has reportedly committed to a financing deal with the Cayman Islands government, even though the project is being tendered with potential developers as a design-build-finance project. Premier Alden McLaughlin said Wednesday that this fourth deal will prevent the need for public funding for the controversial project and was “a win-win situation for the country, the preferred bidder and the cruise lines.”
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