Home  News Regional News Preparatory work begins
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Sunday, 02 November 2008 |
CASTRIES - Preparatory work has begun for the construction of a multibillion-dollar oil refinery here by the global energy company, Hess Corporation, Communications and Works Minister Guy Joseph has announced.
"Quite a substantial amount of money has been committed to the feasibility studies and the studies undertaken so far conclude that there will be no problems putting in the refinery," Joseph told the Caribbean Media Corporation (CMC).
"From all indications things look very good because I don't think Hess would spend this kind of money in feasibility studies and all that for nothing."
The refinery, expected to cost more than US$5 billion, is to be built at Cul de Sac, an area 12 miles west of the capital.
"A direction has been given mapping out the area in which the Millennium Highway will be relocated to," Joseph said.
"The first thing that will happen is the realignment of the road. I expect this to start before the end of the year or the beginning of next year. It's not been decided whether Hess would do the work or whether the government would do it on the company's behalf. This would be sorted out in the days ahead," he added.
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