October 22, 2019.
Carnival Corporation and Royal Caribbean Cruises Ltd. today announced the signing of a memorandum of understanding (MOU) with the government of Saint Lucia to form a joint venture to manage the existing cruise pier and terminal facilities in Saint Lucia, and to design, construct and operate a new cruise port on the island.
As part of the MOU, Carnival Corporation and Royal Caribbean and the government of Saint Lucia will establish a long-term concession agreement to formalize the terms and responsibilities for the joint venture to manage and operate the current cruise pier and terminal facilities at the Port of Castries. Additionally, the joint venture will design, finance, construct and operate a new cruise port in Vieux Fort on the southern part of the island that will be able to accommodate the latest and most innovative ships in the cruise industry.
Prime Minister of Saint Lucia Honourable Allen Chastanet has called the signing of the MOU “historic” and “a major step towards enhancing Saint Lucia’s tourism product.”
Together, the cruise line brands of Carnival Corporation and Royal Caribbean Cruises Ltd. account for 75% of all cruise ship visits to Saint Lucia. Under the new agreement, the joint venture would optimize the experience for guests visiting Saint Lucia while developing additional cruise infrastructure to support the industry’s latest ships and promote the growth of cruise tourism on the island.