Construction on several projects, including a world class private jet terminal, a mega-yacht marina and a resort, is to begin and continue in 2012, Prime Minister and Minister of Finance, Dr Denzil Douglas has disclosed.
He said, in an effort to further expand arrivals from the higher end of the air passenger market, construction of a world class private jet terminal will begin in January 2012 and it is scheduled to be completed by October 2012.
“This project is synergistic with other premium facilities which are already being developed to serve a more upscale clientele,” said Douglas.
He said the private jet terminal will target clients from a number of ongoing developments such as Christophe Harbour, which recently opened The Pavilion at Sandy Bank Bay.
Work he said is also continuing on the mega yacht marina at the South East Peninsula, which is expected to host its first vessels in January 2012.
“Development is also now progressing at Kittitian Hill, with construction underway on the golf course and 36 resort cottages and 10 villas. It is anticipated that Phase One which is the opening of a 90-room hotel, spa and golf resort will take place in December 2012,” said Douglas.
He said Phase Two of the Silver Reef luxury apartment complex will also be completed by June of next year.
“We are seeing the positive impact from the completion of the final 22 units of the 88-unit Marriott Vacation Club International (MVCI), which has timeshare owners that visit year-round therefore providing a balance between the seasonal lows and highs of leisure travel,” said Douglas.
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