Interpretation

In this Act, unless the context otherwise requires, “Agreement” means the Concession Agreement dated as of 16 Apri1,2004 (executed on 29th April, 2004), among the Government of Belize, Belize Cruise Terminal Limited, Carnival Corporation and Belize Ports Limited including any amendment, modification, replacement or restatement thereof; “Cruise Ship Port” means the cruise ship port to be constructed and developed in Belize at the Belize Ports Free Zone located at Port Loyola, Belize City, Belize; “Developer” means each of Belize Cruise Terminal Limited, Belize Ports Limited and Carnival Corporation including any of their successors and assigns; “Minister” means the Minister responsible for Investment; “Project” means all of the development and infrastructure works described in, contemplated by, and done pursuant to, the Agreement including but not limited to, (a) the development, financing, construction, management, operation and use of a cruise ship Cruise Ship Port Development Project [CAP. 278:04 5 port and adjacent commercial, retail store, bus/ taxi terminal and other transportation facilities and office facilities to be constructed and developed in Belize at the Belize Ports Free Zone located at Port Loyola, Belize City, Belize; (b) certain other specific projects, development and facilities related to the cruise business and for services related thereto; and (c) the use of the Cruise Ship Port and related commercial facilities by Carnival Corporation operating lines and other cruise line operators, and all other work related to the Cruise Ship Port, including the operation, use and management of the Cruise Ship Port during the period of the Agreement.