The Government of Antigua and Barbuda may consider moving some of its offices into a Business Center conceptualised by the West Indies Oil Company (WIOC).
A WIOC consultative group met with Cabinet last week and outlined plans to build a Business Center on Friars Hill Road.
The facility will have 51,000 square feet of rental space and 257 parking spaces, with a land space of three acres.
The Cabinet proposed that the inclusion of space for government offices be included on a BOOT (Build-Operate-Own-Transfer) basis.
Government’s Chief of Staff Lionel ‘Max’ Hurst said that the Cabinet had given the go-ahead for the project.
“The Cabinet gave a green thumbs up for this project, but it must now go through several other bodies to proceed quickly, including the authority to borrow money to ensure that it can be built in a short time,” he said.
Hurst also said that he expects the WIOC Business Center to pay for itself within a short period.
“We anticipate that it will not only pay for itself within a matter of four years, but it will also continue to provide the kind of shopping experience that the Antigua and Barbuda consumer is demanding,” Hurst said.