The Ministry of Business has invited interested investors to submit Expressions of Interest along with their business proposal for operating and managing the chip factory located in Leguan, Region # 3.
The Minister of Business, Dominic Gaskin in his contribution to the 2016 Budget Debate stated, that “the Leguan chip factory, requires an additional contract for a road and a bridge to gain access to the premises and this will be completed by government so that by the end of the first half of the year the factory can be operational and provide some benefit for the community”.
The Leguan chip factory was one of four projects (two chip factories and 2 call centers) under the 1 Billion dollars Rural Development Fund (RDF) put on hold last year pending a review. As a result, this project which was initiated by the previous Government in 2014 will now be completed in 2016 with some modifications.
Budget 2016 provides $195M for the completion of remaining works on the projects at Tuschen, Enmore and Leguan.
Once completed and operationalised, these projects are expected to increase economic opportunities and capabilities of vulnerable groups within the region and create over 300 jobs in the rural communities in which they are located.
Work is currently ongoing to complete the Tuschen and Enmore call centers, however, the Ministry has heeded the advice of the Sea Defense Board and will not proceed with the chip factory in Wakenaam which was built on land that is deemed prone to flooding and erosion.