Summary of Proposed Investment
Project Number
10937
Company Name
BEL AIR PLANTATION LIMITED
Date SPI Disclosed
Aug 2, 2001
Country
Grenada
Industry
Tourism, Retail and Property
Projected Board Date
Sep 15, 2001
Status
Completed
Sector
Resort Hotel (Including Lodges)
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Dec 17, 2001
Signed : Mar 22, 2002
Invested : Oct 22, 2002
Project Description
The tourism resort that will be constructed and operated will consist of 24 villas and a central complex which will group the reception area, offices and lounges, a restaurant building, a spa and a swimming pool. At the entrance of the property, a service building containing storage rooms, a laundry facility and locker rooms for staff will be built. Bel Air Plantation Ltd. was specifically established to own and operate the proposed tourism resort.
The project is expected to create employment for 66 persons at full operation. It will provide training to workers who will be recruited mainly from the St. David''s area. In addition, it will, as far as possible, purchase food and supplies produced locally. Guests at the resort will require sightseeing and touring services and are expected to purchase artwork, crafts and souvenirs from the local community, further contributing to the local economy.
In addition to providing long-term financing which is not available in the country for long maturities, IFC will assist the sponsor with environmental management improvements and will provide technical assistance and advice on project structuring and operation. It will also assist the company to secure additional financing.
The project is expected to create employment for 66 persons at full operation. It will provide training to workers who will be recruited mainly from the St. David''s area. In addition, it will, as far as possible, purchase food and supplies produced locally. Guests at the resort will require sightseeing and touring services and are expected to purchase artwork, crafts and souvenirs from the local community, further contributing to the local economy.
In addition to providing long-term financing which is not available in the country for long maturities, IFC will assist the sponsor with environmental management improvements and will provide technical assistance and advice on project structuring and operation. It will also assist the company to secure additional financing.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Miss Susan Fisher
Bel Air Plantation Ltd.
P.O. Box 857 LB 125
St. George''s, Grenada
Bel Air Plantation Ltd.
P.O. Box 857 LB 125
St. George''s, Grenada