Nassau, Bahamas - Enclosed is a Statement by

Ryan Pinder, MP Elizabeth.

Today the Prime
Minister tabled in the House of Assembly the executed Memorandum of
Understanding for the Arawak Cay Port which was executed on May 10,
2010.  The MOU details the agreement between the Government of the
Bahamas and the APD, Ltd.  The Progressive Liberal Party believes there
are a number of unconscionable provisions in the MOU that not only
support a special interest group, but would put the economic advancement
of the Bahamas at risk. First and foremost, this is effectively a 90
year agreement with 20 independent companies.  The PLP feels that given
the need for the advancement of the country, any agreement for 90 years
is not in the Bahamas' best interest...