Government’s spending on major capital investment projects came under the Public Accounts Committee microscope today (25 January) in the Legislative Assembly.
PAC chairman Ezzard Miller set his sights on Cayman’s cruise berthing and port facility questioning what really is its projected construction cost?
Those at the major capital investments office and public works say the private-public partnership outline business pegs the price tag under $200 million.
“The outline business case is a public document and it estimates the cruise berthing, this is the construction costs $150 million to $160 million,” said Max Jones, Head of Public Works. Mr Miller did not appear convinced, “You are saying your strategic business case for the two cruise piers, that you believe we can build two cruise piers in George Town harbour for between $150-$180 million?”
Mr. Jones replied, “Correct.”
Mr. Miller questioned the drop in price. He said it was previously projected to cost $250 million. But Mr. Jones said the new business case and new engineering input puts the cost lower.