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Chinese company to invest $255M in Antigua port

December 24, 2014

ST. JOHN’S, Antigua (AP) — The government of Antigua has signed a $255 million deal with a Chinese company to renovate the island’s main port and harbor.

Prime Minister Gaston Browne said Tuesday that China Civil Engineering Construction Corporation will modernize St. John’s port and harbor. The company previously built other structures in Antigua, including a stadium and new airport terminal.

The government is seeking a loan from a Chinese bank for the project.

Nearly 377,000 cruise ship passengers visited Antigua this year through October, a 7 percent drop compared to the same period last year.

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