Cruise Terminal Transitioning to BPI

Following discussions between Barbados Port Inc. (BPI) and Bridgetown Cruise Terminals Inc. (BCTI), a decision has been made by the Board of Directors of BCTI not to seek a further extension to the lease arrangement for the management and operation of the cruise terminal, beyond December 31.

With this decision, the cruise terminal located at the Port of Bridgetown, will transition to BPI with effect from January 1.

Since 1994, BCTI has operated the cruise terminal under a lease agreed to with BPI— formerly Barbados Port Authority. The lease has been renewed on a number of occasions between 1994 to present. The current lease governing the relationship has been in effect from January 1, 2019, with an expiration date of December 31, 2021.

To ensure a seamless transfer, given that this takes place during the peak cruise season, management of BCTI and BPI are working closely in coordinating matters that will need to be addressed, including ongoing maintenance, staffing requirements, review of existing contracts, tenant and lease arrangements, and management oversight.

BPI takes this opportunity to extend thanks and appreciation to the Board of Directors, management and staff of BCTI who would have worked over the past 27 years in helping to create an enviable destination experience for cruise guests as well as revenue gains for Barbadians.

The Board and Management of BPI gives the assurance that BPI will continue to focus on development of the cruise sector to ensure that the guest experience is unmatched and that the social and economic benefit of cruise to Barbados continues to expand.