Carnival to Build $50 Million Terminal in Honduras

Carnival to build and operate cruise terminal in Honduras:

Carnival Corporation & plc has signed an agreement to build and operate a cruise terminal on the island of Roatan, Honduras. Development of the facility - to be called "Mahogany Bay - Roatan" - is expected to start in  fall 2007 and be completed by summer 2009 at a cost of $50 million.

The cruise facility will be situated on 20 acres on the Roatan waterfront and will consist of a two-berth cruise terminal capable of accommodating super post-Panamax vessels and up to 7,000 passengers daily.

Partnering with Carnival on the project is Jerry Hynds, a local business leader and a member of the Honduran Congress. He is also the owner of Coral Cay, a resort property located adjacent to the planned port facility.

Within five years of operation, "Mahogany Bay - Roatan" is expected to host 225 cruise ship calls and 500,000 passengers annually.