DECEMBER 15TH - DECEMBER 22ND, 2012
VOLUME 8 No. 50
$1.00
WEST CAICOS Website: www.suntci.com
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PROJECT TO RESTART Hundreds of jobs to be created and TCIG gets $8million in stamp duty
Hundreds of jobs will be created in the construction and tourism industry and millions of dollars pumped into the Turks and Caicos Islands economy starting from next year, with news that a development agreement has been reached to re-start the Molasses Reef project on West Caicos. On Friday December 14th, the Turks and Caicos Islands Government announced the completion of the Development Agreement enabling the recommencement of the Molasses Reef development, a luxury hotel and condominium resort on West Caicos, which has been stalled since 2008. The Development Agreement was completed on the 6th of December while the remaining arrangement necessary for recommencing the project will be completed this week. The original project employed 500 people at its peak and expected to create hundreds of jobs on an on-going basis once the hotel was opened; the Government expects similar levels of employment under the new development. The additional phases of the development include luxury villa and condominium developments, which will create further construction work and hospitality industry employment. The investment group expects that hundreds of millions of dollars will be invested in the island over the lifetime of the project. CONTINUED ON PAGE 6
VAT BATTLE LOOMS READ STORY ON PAGE 8
PRECIOUS TREASURES WOWS SCOTIA CUSTOMERS AND STAFF
Students from the Precious Treasures Primary School on Providenciales wowed customers and staff at Cherokee Road branch of Scotiabank on Wednesday, December 12, not only with their cute outfits but with their melodious Christmas Coral singing as well. Michelle Chung, teacher and one of the chaperones for the group, said that the occasion was an extraction from the institution’s grand Christmas concert held a few days earlier. She said that the children would be visiting other establishments during the season, adding that the initiative was an annual happening for the school. She also said that the students were enthused about the event, towards which they looked forward each year.
STATEMENT FROM THE MINISTRY OF HEALTH ON SALMONELLA OUTBREAK - PG 9