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Our Mission Statement: To foster operational and financial efficiency, and to enhance the level of service to the mutual benefit of Caribbean Ports and their stakeholders, through the sharing of experience, training, information and ideas

PMAC AGM 2018: Financing Central American and Caribbean Ports

Financing Central American and Caribbean ports – challenges, opportunities, solutions
2018 May 17: Marine ports are the very bedrock on which national economies are built. This is particularly true in regions such as the Caribbean and the Gulf of Mexico, where imports and exports are predominantly marine cargo.


Construction, development and maintenance of harbours and seaports are therefore essential to the survival of these nation states. And, because national survival often depends on the effective functioning of harbours and marine terminals, these facilities must be developed and maintained in such a manner as to safely receive and husband a variety of ocean-going vessels.
Marine port infrastructure is among the most expensive of real estate development projects a country can undertake. And, as such, capital for such development will most likely come from the public purse. To be sure, marine port development and effective maintenance present severe challenges to the governments of the Caribbean and Central America. But, paradoxically,  port development also creates opportunities for growth and economic advancement of a people.
Challenges and opportunities
Participants at the 21st Annual General Meeting of the Port Management Association, to be held June 27, 28 and 29, 2018 at The Jewel Dunn’s River Resort, in Jamaica, will review these challenges and opportunities and discuss solutions. These deliberations will take place in two sessions:
(1) Best Practices in Port Financing - Attracting Investment - the Terminal Operator’s Perspective; and,
(2) Financing of Ports in Central America and the Caribbean; Challenges, Opportunities and Solutions - a Banker’s perspective
The first of these two presentations will be led by Patrick Bird, Managing Director, Global Head of Advisory, Seabury Maritime PFRA LLC; and, the second by Thomas Ankele and Alex Wegenast of KfW IPEX-Bank GmbH.

Ankele

Thomas Ankele

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