Posted on December 22, 2015
By Jonathan Austin, Virgin Islands Daily News
The Port Authority governing board approved reallocating funds from the 2014 Marine Capital Program bond series to cover a $2.2 million overrun in the cost of dredging around the cruise piers at the Austin Monsanto Cruise Terminal.
The board also approved a contract to immediately begin a feasibility study to identify at least two options for the location of a second cruise ship dock in Crown Bay, St. Thomas.
The funding for the dredging came from bonds issued in 2014. An initial $3.5 million was budgeted for the dredging of the entryway to the Port Authority’s cruise terminal on St. Thomas.
However, the project is costing more than anticipated.
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