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Cabinet to listen to Waterloo over Port of Belize expansion

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Posted: Tuesday, August 20, 2019. 8:56 am CST.

By Aaron Humes: Belize’s largest port, the Port of Belize Limited, is looking to get even bigger.

Its principals, Waterloo Investments, have sought the Government’s ear on expansion of the port and addition of an alongside docking facility for cruise ships. It has been granted a hearing before the Investment Sub-Committee of Cabinet, Prime Minister Dean Barrow confirmed during Friday’s meeting of the House of Representatives.

But the concern of Lord Michael Ashcroft’s shadow hangs over everything. The port remains in receivership after the collapse of Opposition insider Luke Espat’s companies and Ashcroft continues to pursue the Belize Bank’s funds for Universal Health Services, while collecting more than half a billion dollars from the nationalization of Belize Telemedia Limited.

It worries Julius Espat, Area Representative, Cayo South, who on the adjournment suggested the Prime Minister himself was leading discussions, which he subsequently denied.

Prime Minister Barrow in response said he directed CEO Audrey Wallace to respond to the Waterloo representative, which had asked for a full Cabinet meeting, after Cabinet said the sub-committee could hear them, and that is where the matter is at the moment.

The docking facility in the area was the subject of a Royal Caribbean Cruise Lines effort to match rival Carnival, which had been tied to the Stake Bank project but later built on a property at Harvest Caye in the Stann Creek District. It would be the third such facility in the Belize District after Stake Bank and another effort near the Sibun River.

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