December 07, 2007
An agreement to give approval for the commencement of the Paradise Villa Development Project was signed on, Thursday December 06, 2007, at the Bath Plains Office of the Premier of Nevis. Signing the documents on behalf of the Nevis Island Administration (NIA) was Premier, the Hon. Joseph Parry and investor Mr. Fred Cox of Paradise Acres.
Premier Parry, who also holds portfolios for Economic Planning and Tourism, said the agreement marked a new beginning for development of a touristic nature to take place on the island over the next 2 years. He noted that it would also generate considerable employment, inject new investment into the economy and would make the investors happy.
Mr. Parry explained that the development project which would be located in the middle of his constituency (between Barnes Ghaut and Cotton Ground) would be in the interest of the investors and the Nevisian people and congratulated Mr. Cox and his counterparts whom he described as good cooperate citizens. He further stated that the emphasis would be on local employment and local training. “We have indicated that we want to keep a certain style on the island in terms of investment and we are looking at other high end operators. I am quite sure with the efforts we are making and the type of investment we are attracting, Nevis will be the premier destination from a touristic point of view in the Caribbean over the next few years. It is my pleasure then, to sign these documents and to see the commencement of this project,” the Premier said.
Financial Secretary, Mr. Laurie Lawrence who assisted with the signing of the agreements said the project was part of government’s strategy for private sector growth and development.
He noted that the government welcomed that type of investment which would propel the island as a model economy with good quality investment, good quality jobs and provide opportunities for Nevisians.
Meantime, according to Mr. Cox, the engineering plan would be completed by the end of February and would be followed by the commencement of infrastructural development. He also indicated that sales activity would begin in January 2008.
The agreement signing was also witnessed by Lawyer Mr. Herman Liburd, Paradise Acres investors, Mr. Vern Stanfill and Mr. Jason Mulley.
Under the agreement, Paradise Palms Villa Development would construct 25 villas ranging in sizes 1.1 to 2 acres with house sizes of 4,000 to 6,000 feet and will be located from the Barnes Ghaut Road (next to Kawaja property) spanning the Cotton Ground road area.