Port agreement with GPH will have termination clauses, says Tourism Minister
THE AGREEMENT BETWEEN the government of St Vincent and the Grenadines (SVG) and Global Ports Holdings (GPH), will have a termination clause in the event that any of the parties involved is dissatisfied.
This is according to Minister of Tourism, Civil Aviation, and Sustainable Development Dr. Kishore Shallow who said on WEFM on Wednesday, June 17,2026 that if the parties involved are not getting what they expected from the agreement, things are in place.
On Wednesday, June 10, 2026 the government signed a memorandum of understanding (MOU) with GPH Chairman Mehmet Kutman to lease the Cruise Ship and Ferry Berth to GPH for 30 years.
There is expected to be an initial investment of over EC$55 million in the first phase, while other numbers point to close to EC$255 million over the 30-year-life of the agreement. The government is stressing that this is a lease; not a sale. GPH specialises in attracting cruise lines to the destinations in which they operate.
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