The construction sector grew by 4.4 per cent in 2011, contributing just over $73.9 million to the gross domestic product, according to the latest Central Bank report.
The institution said the non-trade sector grew by 1.2 per cent and that growth was led by “expansion in construction, business and other services, as well as transportation, storage and communications”.
The Port Ferdinand project in Six Men’s, St Peter, is one of the larger construction sites on the island where there has been ongoing activity. Construction of the 15-acre exclusive residential private marina began in December 2009 and is expected to be ready by the end of 2015.
The project, which should contribute to the country’s foreign direct investment once finished, is being undertaken in phases, the first of which should be completed year-end.
Operations at Port Ferdinand, where 88 units and 123 berths are under construction, are being carried out by Jada Builders Inc.
