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Anguilla Government Signs MOU for New Development

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image Chief Minister Hughes (2nd from left) Signs MOU as Developer Jeffry Goldstein (3rd from left) looks on.


Chief Minister, Hon Hubert Hughes today signed the Memorandum of Understanding (MOU) with Mr. Jeffry Goldstein for a new Tourism Development project in Anguilla.

The signing ceremony came after months of negotiations and hard work. The project will comprise just over 5 acres of land and when completed will include 148 rooms, a restaurant, back of house facilities and other amenities. It is adjacent to the Fountain Cavern and will be called “ZEMI BEACH RESORT & RESIDENCES”.

The Chief Minister remarked, “this is a good project for Anguilla and we have used this as a vehicle along with the National Trust to develop the Fountain Lands and Cavern in keeping with the World Heritage application.”

Mr. Goldstein thanked the Ministers of Government for endorsing the project. On hand were Hon. Edison Baird, Hon. Haydn Hughes, Hon. Jerome Roberts, advisor to the Minister of Infrastructure Mr. Sam Webster (Hon. Evan Gumbs is off island attending business) and Hon. Walcott Richardson. Mr. Goldstein went on to especially thank the Trade & Investment Committee in particular, Dr. Aidan Harrigan, Ms. Clare Haskins, Hon. Jerome Roberts, Parliamentary Secretary Hon Haydn Hughes and Mr. Perin Bradley for their hard work.

He then handed over a check for US$37’500 to the National Trust’s Ms. Farah Makudah to begin work on the development on the Fountain. Ms. Makudah who also was part of the negotiations expressed her delight on the vision and the spirit of partnership on this very important venture.

Hon. Walcott Richardson witnessed the signing for Government while Ms. Rachel Artheton of Astaphan’s Chambers witnessed for Mr. Goldstein. Also on hand were Mr. Scott Hauser and Ms. Goldstein.

Ask when the project was set to begin and the build out cost Mr. Goldstein replied, “we plan to begin the project in April of 2011 and hope to open in three years at a total cost of US$60 million”.

The Minister of Social Development indicated that the multiplier effect on the entire economy will be tremendous and he looked forward to seeing this project get off the ground.

Chief Minister Hughes concluded by saying this, and other MOUs will go to the House of Assembly in the spirit of transparency and accountability.

Solaire, the other project recently signed is set to begin in May 2011.