Powers and responsibilities of CFZ developers of private sector managed zones

(1) A CFZ developer shall have power to– (a) appoint a Board of Directors of his CFZ; (b) lease or sell land to any entity which has been granted a Certificate of Compliance by the Board of Directors of that zone; (c) make improvements, construct facilities and develop infrastructure including improved regulated utilities to enhance a CFZ’s economic development; (d) subject to this Act, provide regulated utilities, public or other services within a CFZ; (e) construct as applicable, roads, drains, railways, airports, ports, wharves, docks, places of embarkation and disembarkation, stations to transit passengers and merchandise, or loading and unloading docks which shall facilitate trade within a CFZ and with a CFZ and international trading parties; (f) subject to regulations made under this Act charge fees for any services, regulated utilities or facilities it provides within a CFZ; (g) adopt agreements, rules and policies within a CFZ to promote the safe, efficient and successful operation of a CFZ business, consistent with this Act and any regulations and any other laws; 13 (h) promote and advertise CFZs to prospective investors, business owners and operators and promote CFZs abroad to increase sales for clients; (i) provide adequate services and facilities in accordance with the recommendations of the NFZA; (j) conduct other activities authorized under this Act or any regulations. (2) Any powers exercised by a CFZ developer under this Act or regulations shall be in accordance with the relevant laws of Belize. CFZ.