Canadian based Company announces $400 million project for Nevis – Premier Parry welcomes investment

Discussions, negotiations and meetings between the Nevis Island Administration and Canadian Global Investment Ltd. have progressed steadily form March of this year to present. The proposed project, a fuel storage facility, will bring to the island 200 to 300 hundred jobs in direct employment on the construction phase and an on-going plant operation opportunity for 150 persons at various levels.

Canadian Global and its investors and affiliates are proposing to bring a 400 million dollar development project to Nevis which will consist of a tank storage facility for refined and unrefined hydrocarbon products. Canadian Global has already earned the rights to the Pembroke Estates Land in Nevis where the facility will be located.

Left to right: William Fry(AT&V Attorney/Engineer International Project Manager), Andre J Reid, Premier Parry (Nevis) Stephen A Cooper (CGIL), Wiliam Powdar (CGIL), Thomas Williams ( Partner)

Canadian Global has partnered with American Tank and Vessel Inc. They are worldwide leaders in the design, construction and operation of tank storage facilities throughout the world.

AT & V has patented and proprietary state of the art technologies in the field of fabrication, welding processes and emission control, floating roofs, cryogenic and pressurized storage and environmental controls.

AT&V will be building this project using their state of the art technologies, designs and resources.

A contingent of all the necessary parties recently visited Nevis with special attendance by William Fry, Attorney and Engineer for AT&V in charge of International Project Development.

It is a company with a track record of having constructed 2,500 Tank Facilities worldwide.

Canadian Global has also entered into a renewable five-year contact with Mike Van Croonenburg of Petrol Storage Brokers out of the Netherlands, for the brokerage of refined and unrefined products from around the world.

Petrol Storage Brokers is a leading Brokerage firm operator of tank storage farms and a leading brokerage firm of energy products from some of the largest oil companies in the world. Petrol Storage Brokers will bring years of experience in the tank storage business and have agreed to operate the tank storage farm under our direction.

The scope of this project however, goes beyond creation of hundreds of jobs and the general improvement of conditions for the local community, to the attraction to the island of Nevis, of projects that depend on manageable fuel costs for their success!

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 brings significant revenues/royalties to the Administration and will reduce energy and transportation costs, reducing the cost of living and improving the standard of living.

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