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Locals get Govt okay for Invaders Bay
Government has agreed to begin negotiations with local companies Daychin Commercial Development Ltd (DCDL) and Invaders Bay Marina Ltd (IBML) concerning proposed development of part of Invaders Bay, Planning Minister Dr Bhoe Tewarie said yesterday. Speaking at yesterday’s weekly post-Cabinet media briefing, Tewarie said the deal involved DCDL businessman Derek Chin and IBML businessman Jerry Joseph. Both companies are not traded on the local stock market but have international alliances, he added. Tewarie showed reporters a colour-coded map of the projected development which indicated the areas to be developed by the two companies comprised about one-third of Invaders Bay. He said two-thirds of the area, mainly with seafrontage, would still be open to future requests for development proposals. Tewarie said the Invaders Bay project had been an issue under consideration by several governments.
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