The Associated Press June 16, 2011, 4:18PM ET

Chinese company to build port in Cayman Islands

The prime minister of the Cayman Islands has signed an agreement with a Chinese developer that has pledged to finance and build a cruise ship port in the capital of George Town.

State-owned China Harbour Engineering Co. also will build a cruise ship pier at a nearby turtle farm as well as renovate and expand a jetty at a popular beach, according to a government statement released late Wednesday.

Prime Minister McKeeva Bush said he expects to sign a contract by November, adding that the Chinese company will finance and design all three projects. The government has not said how much the projects will cost.

China Harbour Engineering Co. also is working on a $400 million project to renovate roads in Jamaica.

The projects are among dozens that China has pursued across the Caribbean as its seeks to secure diplomatic recognition above rival Taiwan. Beijing considers the self-governing island a renegade province. The Cayman Islands does not have diplomatic ties with Taiwan.


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