Tourism is a key source of revenue for Jamaica, and tourists from the cruise liners especially are big spenders on this Caribbean island.
With that in mind, in 2009, the Port Authority of Jamaica and the cruise line company Royal Caribbean Cruises planned to build a new port terminal and a tourist reception centre for cruise liners in the town of Falmouth.
Since 1994, the Danish contracting company E. Pihl & Son has completed a number of projects to build ports, bridges and roads in Jamaica, which means it enjoys good relations on the island.
"Pihl submitted the lowest bid in the international tendering procedure, but when the client was unable to raise funds for the project, the race was on for which contracting company would be fastest at raising financing for the project," says Head of Acquisitions Ghassan Farah, E. Pihl & Son.
Jamaica's constrained economic situation was a significant challenge in that it limited the prospects of finding banks to finance the port terminal project in Falmouth.
In addition, the project was up against an environmental challenge, as the town is situated on a bay with heritage waterfront and a sensitive marine environment with both coral reefs and a fishing industry that are vital for the local inhabitants.