Several projects totaling $130 million have been approved to begin development on the Family Islands, according to The Central Bank of The Bahamas’ Quarterly Economic and Financial Developments (QEFD) report.

The report reveals that HAL Properties Limited, the owner of Carnival Corporation, was approved to expand its beach entertainment facility on Half Moon Cay, with plans to construct more facilities including a cruise pier on the island. Carnival’s projects and renovations are expected to cost $80 million.

The CBOB report also reveals that Elm Hill Land Holdings Ltd. on Elbow Cay, Abaco, has been approved to own and operate hotel bungalows, vacation rental homes and a marina in Elbow Cay. That project is valued at $35 million.

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