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PRESS RELEASE
20th April 2004

Prime Minister to officiate at Discovery Ground Breaking

Prime Minister Dr Kenny Anthony will be guest of honour on Tuesday next week when Doubloon International, the developers of the five-star Discovery at Marigot Bay, stages its official ground breaking ceremony.

Dr Anthony, who will be accompanied by Minister for Commerce, Tourism, Investment and Consumer Affairs, Philip J Pierre and a number of other Cabinet colleagues, is expected to turn the sod at the ceremony to mark the start of construction for the new US$30 million luxury apartment hotel, marina and spa.

“This is a very important event for Doubloon International and we are delighted that the Prime Minister has agreed to take time from his busy schedule to officiate at the ceremony,” said John Verity, Managing Director of Doubloon International.

Also attending the ceremony will be representatives of First Citizen’s Bank of Trinidad and Tobago which provided construction finance for the project; from CEGI, an insurance subsidiary of the French state-owned Caisse D’Epargne banking group, which put up a completion guarantee; and from Johnston International Ltd, the main contractor for the project.

The new 116 room resort is scheduled for completion by late summer 2005 and will be in full operation for the 2005/6 season. Work on a total reconstruction of the Marigot Bay marina began in November 2003 and is nearing completion. Final designs are being prepared for the related Marigot Marina Village—on the site of the present Moorings Company building—where construction is slated to begin in mid-2004 for completion by mid-2005.

The Discovery project is expected to generate over 200 jobs for St Lucians during the construction phase and over 150 jobs when in operation.

For Further Information Contact

Judith Verity
Public Relations Director
Doubloon International Ltd
Tel 485 1621 or 458 4767