Thursday, October 23, 2008

NANAIMO CRUISE SHIP TERMINAL GETS A $3.5 MILLION BOOST

ISLAND COAST ECONOMIC TRUST
HELPS CRUISE SHIP TERMINAL PLANS

It was announced yesterday that the Island Coast Economic Trust is providing an additional $3.5 million to support plans to build a cruise ship terminal at the Assembly Wharf on downtown Nanaimo's waterfront.

The $18.5 million project is expected to have an economic benefit to Nanaimo and region of anywhere from $12 - $20 million annually. It is hoped the federal government will provide the remaining needed $5 million to complete the project.

Extensive work is required to turn the Assembly Wharf into a suitable terminal to receive cruise ship guests. The harbour needs dredging, there are gangways to be built and a variety of other facilities to accomodate cruise ship visitors to Nanaimo.

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