Nassau, Bahamas -- Cutting the ribbon to officially open the new Nassau Container Port at Arawak Cay are Mrs. Betty Mackey, widow of the late George Mackey and Godfrey 'Tippy' Lightbourne. Also pictured at left: Michael Maura Jr., CEO Arawak Port Development; Prime Minister the Rt. Hon. Hubert Ingraham (fourth from left) and James Mosko. (BIS Photo/Peter Ramsay) Remarks by Rt. Hon. Hubert A. Ingraham, Prime Minister Arawak Port Development Limited Official Opening 3 May 2012 Ladies and Gentlemen: I am pleased to be here for the official opening of Arawak Port Development Limited.

It is a red-letter day both in terms of the ongoing development of a new Port of Nassau replacing the old, privately owned ports which have been stretched along downtown Bay Street for much of our history and predating our independence. We also celebrate today the broadening of ownership of a sector once dominated by a few families but now 60% owned by the Government, Bahamian citizens and pension funds - a broader base ownership by the Bahamian people of the Port of Nassau situate here at Arawak Cay.

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