Investment Agreement Signed for Stake Bank Cruise Docking Facility

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By BBN Staff: The Government of Belize signed an Investment Agreement yesterday, August 25, 2017 with Stake Bank Enterprise Limited (the “Developer”) to construct a world class Cruise Ship Docking Facility, equipped with a resort and a theme park on the Stake Bank Caye located four nautical miles southeast of Belize City (the “Project”).

The Stake Bank Cruise Ship Docking Facility, being led by the Feinstein Group of companies, proposes to construct a cruise docking facility to accommodate four Voyager class cruise vessels, inclusive of a 60-slip marina, an 80-room luxury and supporting amenities, and a theme park with water rides, roller coaster and aquaria.

The total estimated investment size for the project is cited to be US$62.5 million. The project seeks to employ at least 500 Belizeans and provide long-term socioeconomic benefits to Belize and the Cruise Sector.

The Investment Agreement was signed by the Attorney General, Michael Peyrefitte, on behalf of the Government of Belize.  Michael Feinstein signed on behalf of Stake Bank Enterprise Limited.

 

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