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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