CHARLESTOWN, Nevis, Thursday, September 6, 2012 - Canadian Global and its investors and affiliates are proposing to bring a CAN $400 million dollar fuel storage facility to Nevis.
According to a release by the Canadian company, they have been in ongoing discussions, negotiations and meetings with the Nevis Island Administration and since March this year on project.
It is projected that if the fuel storage facility gets the green light following the environmental impact assessment, it will bring to the island 200 to 300 hundred jobs in direct employment on the construction phase and an on-going plant operation opportunity for 150 persons at various levels.
The Canadian company suggested there would also be several indirect jobs and entrepreneurship opportunities generated by this venture, which also enhances the marketability and use of other lands in the designated area.
Apart from job creation, the company said the project would bring significant revenues/royalties to the island and would reduce energy and transportation costs, as well as reducing the cost of living while improving the standard of living on the island.
Canadian Global has already earned the rights to the Pembroke Estates Land in Nevis where the facility will be located.
The company revealed that it has partnered with American Tank and Vessel Inc, worldwide leaders in the design, construction and operation of tank storage facilities, to build this project.
The Canadian firm has also entered into a renewable five-year contact with Mike Van Croonenburg of Petrol Storage Brokers out of the Netherlands, for the brokerage of refined and unrefined products from around the world.
Canadian Global Investments Ltd. of Ajax, Ontario, was founded in December 2011 for the purpose of bringing investment opportunities and large-scale capital projects to the Caribbean and other countries, where there is a need for such investment and economic development.
The company is in the process of setting up a subsidiary in Nevis called Canadian Global Investment (Caribbean) Ltd.
