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Bermuda launches RFQ for long-term build, own, operate and transfer cargo port project

Bermuda Land Development Company Limited (BLDC) is inviting local and international developers to submit their qualifications for consideration regarding a new international cargo port at South Side, St George’s

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The project consists of the design, financing, construction and operation of two wharfs capable of supporting two 380ft vessels simultaneously. In order to deliver the turnaround speed, two ship-to-shore cranes are required enabling a maximum 24 hour turnaround. The port project is to deliver a turnkey solution, including dredging, CY including plugs for 24 reefer containers, bonded warehouse, x-ray scanner (required for shipments to the US), yard handling equipment and training. Throughput is expected to be in the region of 500 TEU/week, so someone is likely to suggest mobile harbour cranes instead of STS cranes, particularly as the overall budget for the project suggested by BLDC is around US$150M.

 

The project is expected to take several years to complete. A partner for the project will be selected based on RFQ submissions and companies who qualify will be shortlisted to submit full proposals near the end of 2018.

 

The last day to register and to submit questions is 8th June and the RFQ Submission Deadline is 29th June at 14.00 hours local time (ADT). The targeted notification of Prequalified Parties is 17th and the targeted date for issuance of RFP is sometime in September.

 

Formed in 1996, BLDC is a private company that oversees the development of land and buildings previously occupied by US and Canadian military forces. The establishment of an international cargo port will increase capacity and improve Bermuda’s ability to offer potential services like international transshipping services and fish processing.

Bermuda is a self-governing British Overseas Territory located in the mid-Atlantic, only two hours away from New York by flight, and easily accessible from the US, Canada and Europe. The tax-neutral island remains a popular jurisdiction for international investment, with stable legal and political systems, and a long history of collaboration between government, industry and regulators.

 

BLDC stated: "Bermuda is the first offshore financial centre (OFC) to be included in the OECD’s list of compliant, transparent countries. Bermuda’s standard of living and GDP per capita ranks among the highest in the world, and the island offers a secure and modern infrastructure, including excellent telecommunications, access to major financial markets, and a wealth of talent that supports local and international business."

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