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Royal’s Antigua Beach Club On Course For 2024 Start

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(Cruise Radio) – After Royal Caribbean’s 2019 announcement that the cruise line would build a new Antigua Beach Club, local Tourism Minister Charles Fernandez said they would finalize plans with the cruise line by the end of 2023.

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He added that the latest addition to the East Caribbean’s shoreline will cost more than the initial $100 million budget.

Boasting pink and white-sand beaches and clear blue waters, Antigua averaged a record-breaking 100,000 monthly visitors from January to March.

Speaking on the development, a local said, “More beach clubs, more jobs!”

Fernandez believes that the construction near Fort James will ramp up the region’s abilities to cater to its growing number of visitors. “Bearing in mind that we will see more passengers coming into Antigua so we need to have more areas where the visitors can go and spend the day,” he stated.

Antigua Beach Club by Royal Caribbean

In 2019, Royal Caribbean signed a memorandum of understanding with the government of Antigua and Barbuda.

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Local officials hope the third addition to The Royal Beach Club Collection is for Royal Caribbean cruise ships. They hope to encourage the cruise line to make Antigua a home port for its cruise ships, including Oasis-class vessels that accommodate over 6,300 passengers.

Royal Caribbean

As expected, the project will have immense benefits to the local economy. “The economic impact into our economy is projected to be approximately $80 million from direct revenue to the government over the next 30 years and over $1 billion in indirect revenue during the same period,” described Fernandez.

Though initial estimates for the project ranged between $75 million and $100 million, Fernandez estimated that inflation in the construction industry would likely lead them to surpass the $100 million ceiling.

ANTIGUA BEACH
Pixabay

Specific plans have yet to be released by Royal Caribbean. At this point, we know the company plans to offer regional dishes, live music, and water activities, creating an experience that highlights “the island’s striking beaches with the cruise line’s signature service and amenities.”

Fernandez also mentioned that they expect to finalize the plans before the end of the year, saying, “By the fourth quarter of this year, we should be in dialogue to finalize so that we can look to start [construction] in 2024.”

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]