Brief: Global Yatirim Holding Says Indirect Subsidiary Global Ports Holding Signs 30-year Concession Agreement With Government Of Saint Lucia

Global Yatirim Holding

09/08/2023 11:09

Aug 9 (Reuters) - GLOBAL YATIRIM HOLDİNG  GLYHO.IS :
    * SAYS INDIRECT SUBSIDIARY, GLOBAL PORTS HOLDING PLC ("GPH")
SIGNS
A 30-YEAR CONCESSION AGREEMENT WITH A POTENTIAL 10-YEAR
EXTENSION OPTION, WITH GOVERNMENT OF SAINT LUCIA FOR CRUISE
RELATED OPERATIONS IN SAINT LUCIA
    * AS WELL AS USING ITS GLOBAL EXPERTISE AND OPERATING MODEL
TO
MANAGE THE CRUISE PORT OPERATIONS IN SAINT LUCIA, GPH WILL
INVEST IN A MATERIAL EXPANSION AND UPGRADE OF THE CRUISE PORT
FACILITIES
    * IN THE 12 MONTHS TO 31 MARCH 2023, ST LUCIA WELCOMED C590K
PASSENGERS (2019 CALENDAR YEAR C790K), COMPLETION OF EXTENDED
PIER AND UPGRADING FACILITIES ARE EXPECTED TO LEAD TO A RISE IN
PASSENGER VOLUMES TO OVER 1M IN MEDIUM TERM
    * THE SUCCESSFUL COMMENCEMENT OF THE CONCESSION IS SUBJECT
TO A
NUMBER OF FINAL CONDITIONS BEING SATISFIED, AND HANDOVER AND
MANAGEMENT OF SAINT LUCIA CRUISE PORT IS EXPECTED TO OCCUR
BEFORE END OF 2023

   
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA3lDqSL
 Further company coverage:  GLYHO.IS  

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