PAJ/Carnival Corp sign multimillion deal
published: Tuesday | February 10, 2004

THE MINISTER of Transport and Works, the Hon. Robert Pickersgill, on February 5 signed the Facility Fee Agreement of 2004 between The Port Authority of Jamaica (PAJ) and Carnival Corporation which will guarantee the island 2,500,000 cruise ship passengers from the Carnival group over five years.

The agreement establishes a fixed fee per passenger for each year of the contract and, in return, a guaranteed minimum of 500,000 cruise passengers per annum to Jamaica with a minimum of 80,000 specifically to the Port of Montego Bay. The agreement will generate minimum passenger fee revenues of US$17.75 million for the Port Authority from January 1, 2004 to December 31, 2008.