Executive chairman of Paradise Beach Limited, Avinash Persaud says construction work on the Four Seasons Hotel and residences is expected to begin early next year.
He says the project will employ 800 workers on average and 1 000 at its peak.
Persaud said they were now in a financial position to resume construction.
“I know that everyone in Barbados would like that to mean that tomorrow workers will be coming through the gates but those of you who have been involved in developments and construction would know that would be the surest way to make the project fail again,” Persaud said.
He noted that the company has to look at its master plan and “do a fair amount of preparation”.
He said they also have to ensure the tendering process is fair to all Barbadian suppliers.
“I think that with an aggressive timetable we can complete all that preparation in around six weeks’ time which would put us probably on Christmas Day.
“I don’t think that will be the day to start so we’ll be starting I reckon in all reasonableness early next year,” he stated.
Persaud said the hotel is expected to be completed in three years.
natashabeckles@nationnews.com
Full story in Tuesday’s DAILY NATION





