- Hurricane Gonzalo is churning through the North Atlantic toward Bermuda
- Wind speeds are hitting 130 mph
- Bermuda is prepared, says the premier
(CNN) -- Bermuda says it's ready. Now it awaits the arrival of Hurricane Gonzalo.
The eye of the powerful Category 3 storm with its 130 mph winds and higher gusts is expected to pass near the British territory Friday evening, according to the National Hurricane Center in Miami.
"Bermuda we are prepared," said island Premier Michael Dunkley. "Well rehearsed plans for most contingencies are enacted, and as we hope for the best, we are prepared for the worst."
Ahead of the storm, Bermuda closed schools, shut down bus and ferry service, and opened up shelters.
Bda thanks for the early prep for the storm and for watching our neighbors and seniors. Hunker down and be safe. God bless.
— Premier Dunkley (@BermudaPremier) October 16, 2014
Hurricane conditions are expected to reach Bermuda on Friday afternoon, according to forecasters, with tropical storm conditions beginning later this morning.
Gonzalo is expected to deliver a power storm surge and significant coastal flooding. Rainfall amounts could hit 6 inches.
It will slowly weaken as it approaches the island.
2014 Atlantic Hurricane Season facts
Bermuda is no stranger to hurricanes, and has weathered a storm or two before.
"We will come through this and once this serious storm has passed it will be for us to work together to restore our island home to normal," Dunkley said.
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