Prime Minister Mia Amor Mottley signalled her intention to breathe life back into the economy today with the start of demolition of the Liquidation Centre at Bay Street, St Michael.
Demolition of the building, which is owned by the Mirchandani family, will make way for construction of the Hyatt Ziva project, spearheaded by developer Mark Maloney.
The Prime Minister, joined by Attorney General Dale Marshall, Minister of Tourism Kerrie Symmonds, Maloney and other officials, again spoke about measures in Phase 3 of Government’s plan to reopen the economy.
On May 14, during a press conference at Lloyd Erskine Sandiford Centre, Mottley announced easing of restrictions which were imposed to contain the spread of novel coronavirus (COVID-19).
“We are committed to ensuring that even as we work to keep Barbados safe
. . . a large part of that is making sure that our civil works projects and construction can start back at rapid pace,” Mottley said today.
Maloney, in his address to the media today, spoke about the planning obligations to be made by the developers. An initial investment of $2 million out of $5 million is to be made to a Transformation Fund.
Maloney said 20 per cent of the project is open for investment by the public, the details of which are being worked out. (KG)
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