Short title

This Act may be cited as the Belize Island Holdings Facility Development Act. “Agreement” means the agreement dated 09 September 2014, between the Government of Belize and Belize Island Holdings Ltd.; “BTB” means the Belize Tourism Board established under the Belize Tourism Board Act; CAP. 275. “cruise ship” means a sea vessel which can accommodate over 500 passengers on board for lodging and which is within Belize’s inland or territorial waters for less than twenty-four hours, but does not include a live aboard vessel; “Developer” means Belize Island Holdings Ltd., a company formed under the Companies Act, with registered office situate at Suite 401, 4th. Floor, the Matalon, Coney Drive, Belize City, Belize; CAP. 250. “Development Plan” means the business plan outlining the Facility in detail, including physical development plans, focusing on a detailed description of the Facility, financial budgets and projections, and an implementation and operations plan; means the construction, development and infrastructure works of an offshore island cruise passenger docking facility and hub by the Developer on Harvest Caye and near Malacate in the Stann Creek District; “Fee” means the Harvest Caye Passenger Fee; “Harvest Caye” means the 75 acre island adjacent to the Big Creek Channel and located south-east of the Port of Big Creek as more particularly described in the Development Plan; “Malacate” means the 20 acre parcel of land east of Mango Creek bounded by the Placencia lagoon as more particularly described in the Development Plan; “Minister” means the Minister with responsibility for industry and investment; “port facility” means the administrative and docking structures built on Harvest Caye and used exclusively for cruise ships; “professional services” means the services provided by civil, electrical and mechanical engineers, contractors, labourers, and other skilled persons performing duties related to the construction aspect of the Facility.