BRADES, Montserrat, February 1st, 2012  – At least 750 new jobs will be created when Montserrat pushes forward on its development of a new town in Little Bay and upgrading its tourism product, says His Excellency the Governor Adrian Davis.

Governor Davis told members of the press last week that he was pleased with the progress being made to pursue the creation of a new master plan for the town.

A team of practitioners, lead by consultant John Cox recently wrapped a 10-day working visit to map out several key deliverables for the master plan. They include an investment prospectus and a marketing strategy.

By the end of March 2012, the team is to have the costing and a full investment prospectus available for review. By June, the concept for the new town, which includes moving the port to Carrs Bay and building a hotel and a business/residential centre around Little Bay, is to be ready. An updated economic assessment is also to be submitted.

This assessment will determine whether the UK government sees the project as a viable option for committing public funds.

Kato Kimbugwe the DFID Private Sector Representative says that already there have been inquiries from the local community wishing to invest up to $30 million in the new town.

He added that people interested in taking advantage of the community development should position themselves now to do so. 

The creation of a new port, a yacht marina and high-end villas and hotel will open many spin-off support services, the DFID official said.

By March 2013, Kimbugwe said the final design for the town should be complete with hard numbers.
 

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