Discussions between the Government and a cruise line about potential investments in Daniel’s Head continue as a memorandum of understanding nears expiration.

In July, Zane DeSilva, the Minister of Housing and Municipalities, told the House of Assembly that Norwegian Cruise Line Holdings had signed a six-month MOU to assess the possibility of transforming the Sandys area into a first-class tourism product.

Asked for an update on the project, a spokesman for the ministry confirmed this week that the MOU is set to expire this month.

He told The Royal Gazette: “Discussions with the company have been ongoing throughout the MOU period, and we continue to engage constructively as part of that process.

“We will advise the public of any developments as they arise.”

NCL is also collaborating with the Government on a major redevelopment of the King’s Wharf dock, with the cruise line fully funding the $22 million project as part of a port infrastructure upgrade initiative.

Mr DeSilva had said this summer that discussions were still in the beginning stages and emphasised that nothing had been signed off on or agreed to.

He said: “BLMC has not issued a lease to run a private cruise passenger area or any other form of private resort.

“What I can share is that at this stage BLMC has signed a nonbinding MOU that provides six months for NCLH to complete their vision and concept with high-level financial requirements for us to consider.

“This opportunity is still in its early stages, and conceptual designs and financial models have yet to be developed.”

Daniel’s Head formerly housed the 9 Beaches resort, which shut its doors in 2010.

It was announced in 2018 that the Bermuda Land Development Company had partnered with the professional services firm KPMG to market the site to potential developers overseas, but the agreement was halted the following year.