Port plan to undergo economic impact assessment

An economic impact assessment for the proposed cruise berthing facility is in the works, The Cayman Reporter understands.

Minister of Finance Hon Marco Archer

Minister of Finance Hon Marco Archer confirmed that PricewaterhouseCoopers (PWC) has been contracted to carry out the assessment. The Cayman Reporter inquired if the assessment has already started and how much this assessment will cost the country, but Mr Archer has not responded at press time.

The Cayman Islands has already done an Environmental Impact Assessment (EIA) to the tune of $2.5 million based on the current proposal of a two finger pier. The EIA indicated that dredging and its silt plume could impact 15 acres of coral reef. Now that the EIA has been completed and the Department of Environment (DoE) is the process of completing a report on the assessment to submit to Cabinet, a call for the examination of the proposal’s impact on the entire economy has been made.

Founder and Director-General at The Cayman Institute, Nicholas Robson, said to grasp the full impact of the proposal its impact on the country’s economy must be evaluated. He believes the economic impact assessment should state how financing a cruise port, that could destroy a significant part of the reef on the south-west of the island, will affect the country. He believes it should look at how many jobs will be affected in the retail sector as well as in to water sports industry.

He noted that it is also imperative to analyse the true strengths and weaknesses of the cruise tourism and stay-over tourism to these islands.

“We should be weighing up the cruise passenger industry and its per-capita spend against stay-over tourism. Should we be looking into lengthening the runway to 10,000 feet to be able to accommodate long haul flights from Europe and points east? The Persian Gulf and China have many high net worth individuals which may well want to come to the Cayman Islands. We have already had Mr. Lee Ka-Shing one of the richest men in Hong Kong residing and doing business here,” he said. Furthermore, Mr Robson stated that it is important for Cayman to know how many cruise passengers it can manage. “If we try and take too many cruise passengers per day none will have an enjoyable experience,” he said.

Commenting on his own stance on the port plans Mr Robson said he is for any initiative that will have the greatest benefit to the majority of the people in the Cayman Islands. “A decision made today will affect the Cayman islands for many years into the future. Furthermore, with Cuba opening up the cruise industry may find that more passengers want to go to Cuba, causing some of the cruise lines dropping Cayman,” he said.

The Advancement of Cruise Tourism in the Cayman Islands (ACT) member Chris Kirkconnell told The Cayman Reporter that the ACT was formed because members involved in the cruise industry felt that the Cayman Islands Tourism Association (CITA), the tourism sector’s representative group, was only concerned about stay-over businesses. Those involved in cruise felt that in order to have a voice they had to start a group of their own.

“Once we formed ACT CITA tried to convince us that we didn’t need a separate entity and it seemed like they were trying to give us some kind of attention up until now. If you look at the member makeup of CITA its much more heavily stay-over focused than cruise,” Mr Kirkconnell expressed. More

 

Climate Reality Training in Miami with Al Gore

I’m reaching out today on behalf of The Climate Reality Project, an organization started by former Vice President Al Gore focused on creating a global movement calling for action on climate. We have an upcoming training opportunity in Miami, Florida that I believe you and others who follow The Cayman Institute / The Climate War Room will be interested in.

As we are all aware, the time has come for action on climate. On September 28-30 in Miami, The Climate Reality Project and Mr. Gore will be hosting a training for new Climate Reality Leaders to help grow the movement. There has never been a better time to engage your friends and colleagues on this issue. The Miami training will not only provide attendees with cutting edge tools to most effectively communicate climate change to your community but will also enter them into a community of over 8,000 devoted individuals from 126 countries who are committed to using their voices to address the climate crisis.

Our training in Miami will highlight the unique challenges that climate change poses to the state of Florida and what some local governments are already doing to tackle them; Florida’s huge untapped solar energy generating capacity; and the role of the ever strengthening Latino voice and vote in driving climate action. At the training, Mr. Gore, and experts and influencers from across the climate sphere will present in panels, take questions, and host breakout sessions.

We encourage you to recommend outstanding leaders in your personal and professional life who would be well suited for giving presentations and helping to build strong support for action on climate change. They can apply for the Climate Leadership Corps Training here. I’ve also attached a document you can share with your network, which has a little more information about who we are and what the Miami training will cover. The deadline to apply is August 26th, 2015.

Please do not hesitate to reach out if you have any questions!

Warm regards,

Joseph Moran | Program Assistant-Climate Reality Leadership Corps

750 Ninth Street, NW, Suite 520 | Washington, DC 20001

NOTICE OF CONFIDENTIALITY & DISCLAIMER
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Port plan to undergo economic impact assessment

An economic impact assessment for the proposed cruise berthing facility is in the works, The Cayman Reporter understands.

George Town's Proposed Cruise Terminal

Minister of Finance Hon Marco Archer confirmed that PricewaterhouseCoopers (PWC) has been contracted to carry out the assessment. The Cayman Reporter inquired if the assessment has already started and how much this assessment will cost the country, but Mr Archer has not responded at press time.

The Cayman Islands has already done an Environmental Impact Assessment (EIA) to the tune of $2.5 million based on the current proposal of a two finger pier. The EIA indicated that dredging and its silt plume could impact 15 acres of coral reef. Now that the EIA has been completed and the Department of Environment (DoE) is the process of completing a report on the assessment to submit to Cabinet, a call for the examination of the proposal’s impact on the entire economy has been made.

Founder and Director-General at The Cayman Institute, Nicholas Robson, said to grasp the full impact of the proposal its impact on the country’s economy must be evaluated. He believes the economic impact assessment should state how financing a cruise port, that could destroy a significant part of the reef on the south-west of the island, will affect the country. He believes it should look at how many jobs will be affected in the retail sector as well as in to water sports industry.

He noted that it is also imperative to analyse the true strengths and weaknesses of the cruise tourism and stay-over tourism to these islands.

“We should be weighing up the cruise passenger industry and its per-capita spend against stay-over tourism. Should we be looking into lengthening the runway to 10,000 feet to be able to accommodate long haul flights from Europe and points east? The Persian Gulf and China have many high net worth individuals which may well want to come to the Cayman Islands. We have already had Mr. Lee Ka-Shing one of the richest men in Hong Kong residing and doing business here,” he said.

Furthermore, Mr Robson stated that it is important for Cayman to know how many cruise passengers it can manage. “If we try and take too many cruise passengers per day none will have an enjoyable experience,” he said.

Commenting on his own stance on the port plans Mr Robson said he is for any initiative that will have the greatest benefit to the majority of the people in the Cayman Islands. “A decision made today will affect the Cayman islands for many years into the future. Furthermore, with Cuba opening up the cruise industry may find that more passengers want to go to Cuba, causing some of the cruise lines dropping Cayman,” he said.

The Advancement of Cruise Tourism in the Cayman Islands (ACT) member Chris Kirkconnell told The Cayman Reporter that the ACT was formed because members involved in the cruise industry felt that the Cayman Islands Tourism Association (CITA), the tourism sector’s representative group, was only concerned about stay-over businesses. Those involved in cruise felt that in order to have a voice they had to start a group of their own.

“Once we formed ACT CITA tried to convince us that we didn’t need a separate entity and it seemed like they were trying to give us some kind of attention up until now. If you look at the member makeup of CITA its much more heavily stay-over focused than cruise,” Mr Kirkconnell expressed. More

 

Cuba and the Cayman Islands Concerns Grow With Prospect of U.S. Presence

Already, American corporations are poised to rush into a country only 90 miles from Florida’s shores.In March, a delegation from the U.S. Agriculture Coalition for Cuba, an agribusiness group that includes Cargill, the National Grain and Feed Association, the National Chicken Council and other companies and organizations, flew to Havana to meet with Cuban officials.

And cruise ship companies and hotel chains like Marriott and Hilton have indicated their enthusiasm. “I can’t stop thinking about it,” Frank Del Rio, chief executive officer of Norwegian Cruise Line Holdings, said in an interview. “Cuba and the cruise industry are just a match made in heaven, waiting to happen. More

The question for the Cayman Islands, who is considering constructing a new cruise ship dock, is how will the opening of Cuba affect cruise traffic to George Town?

I argue that an Economic Study is needed, in addition to the Environmental Impact Assesment (EIA), to analyse the economics of the cruise business to the Cayman Islands as a whole. This study should compare the financial benefits of stay-over tourism, with the extension of Owen Roberts International Airport (ORIA) to 10.000' feet allowing the handling of long-haul direct flights from Europe, East Asia (China, Japan, South Korea) and the Persian Gulf. It may be possible to turn ORIA into the air-hub of the Western Caribbean with Cayman Airways actually turning a profit as a regional carrier. Editor

 

Could Cayman Become The Singapore Of The West?

Lee Kuan Yew - Father of Singapore

Lee Kuan Yew – The wise man of the East

IF YOU seek his monument: look around Singapore. Prosperous, orderly, clean, efficient and honestly governed, it is not the work of Lee Kuan Yew alone. But even his severest critics would agree that Mr Lee, who died early on March 23rd (Singapore time) at the age of 91, played an enormous part. Singapore’s leader from before “self-government” from Britain in 1959, he was prime minister until 1990, and retired in stages, leaving the cabinet only in 2011, and remaining a member of parliament until his death. Under him Singapore, with no natural resources, has become one of the world’s richest countries. Many admirers look to it as a model, and Mr Lee as a sage. He did indeed have much to teach the world; but some, especially in China, draw the wrong lesson: that authoritarianism works.

Part of Mr Lee’s influence stemmed from his role as a clear-eyed, blunt-speaking geostrategist. He was an astute observer of the defining contest of our era—China’s emergence and how America reacts to it. He was also a respected interpreter of each to the other, and an important voice, with unique access in both countries, arguing for continued American engagement in Asia and for Chinese tolerance of it.

Critics mock Singapore for being like North Korea or as “Disneyland with the death penalty”, as William Gibson described it in 1993. However, Mr Lee’s defenders argue that the restrictions are a small price to pay for stability and prosperity. GDP figures do not lie: Mr Lee’s policies have worked. Singapore is a thriving city-state. Unlike North Korea or Disneyland, it offers a real challenge to the liberal notion that growth, prosperity and freedom should and do go together.

China’s leaders, especially, are fascinated by Singapore’s style of one-party rule. They see flaws in “Western-style democracy”: its short-termism; its disregard for non-voters such as children and foreigners; and its habit of throwing up unqualified leaders. Mr Lee’s “meritocracy” promises a solution.

But four peculiarities of Singapore make it look like an anomaly. First is its size. It is a city with a foreign policy, which means it has a cohesion that vast, diverse countries cannot match. Second, this cohesion is reinforced by the turbulent circumstances of its birth. After a painful divorce from Malaysia in 1965, the government has never let Singaporeans forget that a Chinese-majority island, surrounded by Muslim-majority Indonesia and Malaysia, would always be vulnerable. Geography is third. Singapore has flourished in part because of the failings of the rest of its region. Rather as Hong Kong’s prosperity was based on being Chinese but not entirely part of China, so Singapore is in South-East Asia, but not of it.

Only one Lee Kuan Yew
However, the most important reason for Singapore’s singular experience is Mr Lee himself. Incorruptible himself, he kept government unusually clean. He ensured that Singapore pays its ministers and civil servants high salaries. Under today’s prime minister, his son Lee Hsien Loong, the bureaucracy has remained orderly and clean. Unlike many other independence leaders, Mr Lee designed a system to outlast him. Singapore’s government claims it has faced enough electoral competition to keep it honest but not so much that there was a high risk of losing power. So it has been able to eschew populism and take decisions in the country’s long-term interests.

But in most countries, probity requires checks, balances and an opposition that is not always condemned as unpatriotic. In China, for example, Xi Jinping, two years into an anti-corruption campaign, shows no sign of winning the battle. Across much of the developing world, those in opposition are treated as traitors whether their criticisms make sense or not.

Even in Singapore the model may not outlast its creator for long. Singaporeans are having few children and ageing fast, so the government faces demands for more generous social-welfare provisions. And growth has become dependent on high levels of immigration, angering natives who feel the influx is suppressing their wages and making it impossible to get a seat on the tube. That balance between competition and inevitable re-election is shifting uncomfortably. The Singapore model may prove unsustainable even in Singapore. More