CHARLESTOWN, Nevis -- Discussions, negotiations and meetings between the Nevis government and Canadian Global Investment Ltd have reportedly been taking place since March of this year to establish a fuel storage facility that will bring to the island 200 to 300 jobs in direct employment during the construction phase and an ongoing plant operation opportunity for 150 employees at various levels.
There will 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 project would bring significant revenues/royalties to the government and will reduce energy and transportation costs, reducing the cost of living and improving the standard of living.
Canadian Global and its investors and affiliates are proposing to bring a $400 million project to Nevis, which will consist of a tank storage facility for refined and unrefined hydrocarbon products. Canadian Global said it has already obtained the rights to the Pembroke Estates land in Nevis where the facility will be located.