Movement on the Clearwater Bay (Four Seasons) Project
It is good to read about government’s effort to wrestle the Four Seasons beast to the ground – finally. It maybe tactical to have placed the tender in this weekend’s press which is sure to go unnoticed by many Barbadians who are gearing up to party in the last lap for Crop Over 2013.
All discerning Barbadians look forward to full disclosure promised by Minister of Finance Chris Sinckler on this matter. Until he does Barbadians will begin to speculate about whether Ansa Merchant Bank has called the $120 million guarantee and the implication. It seems like a long time ago the late David Thompson went to parliament to validate the Clearwater Barbados Guarantee which was meant to kickstart the project. The media has reported the tender is meant to give the appearance of transparency. Given government’s hands-on approach to managing the project, it begs the question whither Project Manager and Chairman Avinash Persaud who was requested by the late David Thompson to retrieve the project?
BU notes that the tender requires that any new investor must be equipped to start the project within 12 months of signing. The tender notice gives until the 30 September 2013 to submit offers. It means that this project will likely not mobilize for another 18 months IF the rumour is true that a local multi millionaire has decided to bail the project.