International Press Release – Ships Wharf Redevelopment, Bermuda
BERMUDA LAUNCHES TWO RFQs FOR LONG-TERM PROJECTS –
ENERGY PRODUCTION FACILITY AND CARGO PORT AT SHIPS WHARF
(Hamilton BERMUDA; March 27, 2018) — Bermuda Land Development Company Limited (BLDC) invites local and international developers to submit their qualifications for consideration regarding two exciting infrastructure projects in Bermuda – a national Energy Generation Facility and an international Cargo Port.
Formed in 1996, BLDC is a private company which oversees the development of land and buildings previously occupied by US and Canadian military forces. Francis Mussenden, CEO notes, “Our mandate is to evaluate and support redevelopment options that strengthen the social and economic fabric of Bermuda, and we are seeking innovative, world-class partners to design, build and operate infrastructure projects that will benefit our residents and local businesses in the short and long-term.”
“These are exciting times in Bermuda. Bermuda’s economy is expanding and we are preparing for the future,” say Minister of Public Works, Lt. Col. the Hon. David Burch, OBE (Mil), ED, JP, MP. “Our energy infrastructure is nearing the end of its life cycle; additional energy production will help improve stability and reliability, especially during times of peak demand and emergency situations. Additionally, 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 U.S., 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.
Bermuda is respected globally as a world-class offshore financial centre (OFC), and is the first 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 world-class talent that supports local and international business.
The proposed Energy Production Facility and Cargo Plant are both expected to exceed US$150m, and take several years to complete. Viable partners for each project will be selected based on RFQ submissions; companies who qualify will be shortlisted to submit full proposals near the end of 2018. RFQ submission details, downloads and contact protocols are available at www.bldc.bm. Submissions for both infrastructure projects will close on May 23, 2018.
Sian Blackmore/Elizabeth Tee
Troncossi Public Relations