The Government of the Bahamas is planning to introduce a series of enhancements to the island of Mayaguana, which includes the construction of a new port and cruise terminal.

According to a press release issued by the country’s Office of the Prime Minister, the project is part of a public-private partnership that aims to promote major infrastructure updates.

Announced earlier this year, the initiative will see Global Lead Consultant Group Limited working alongside the local government.

The investment is planned across three phases, with the first phase including the construction of a temporary marine offloading facility and a deep-water port.

The second phase will see the development of a new cruise terminal, while the third will include the addition of another port, as well as upgrades for the arrival of larger ships and adjacent land developments.

Further details of the project are being finalized and will be announced at a later date, the Office of the Prime Minister said.

The Bahamas Government stated that the public-private partnership positions Mayaguana to play a stronger role in cruise activity, regional trade and related services.

Located in Southeast Bahamas, the island lies close to major shipping routes, making it an ideal stop for vessels sailing from North America to the Panama Canal, South America and Europe, local authorities said.

Once ready, the development will be jointly owned by the Government of The Bahamas, the Mayaguana Island Development Fund and Global Lead Consultant Group Limited.

“The Mayaguana Island Development Fund component is intended for the direct benefit of Mayaguana, and the partners have indicated an intention to engage the community on the use of those funds,” the government stated.

Preliminary forecasts indicate that over 2,000 jobs will be created by the development and its construction.