International investors have presented a proposal to transform the Fort James Harbor peninsula into a luxury marina and mixed-use waterfront destination, with a first-phase investment estimated at approximately US$150 million.
The proposal was outlined during this week's Cabinet meeting, where the development team shared plans for a large-scale project combining tourism, recreation and residential elements while preserving the historic character of the Fort James area.
Maurice Merchant, Director General of Communications in the Office of the Prime Minister, described the submission as "an ambitious vision for the transformation of the Fort James Harbor Peninsula into a vibrant world-class waterfront community that blends heritage, tourism, recreation, and residential development while preserving the unique character of the surrounding environment."
The first phase of the project would focus primarily on constructing a luxury mega-yacht marina capable of accommodating no fewer than 50 mega yachts.
The proposal is still at an early stage and will be subject to the government's standard approval process. Merchant confirmed it "will be subject to the normal review process, including detailed assessments by the relevant technical agencies, environmental authorities, and planning bodies."
The government signalled openness to the investment, with Merchant stating that it "remains committed to encouraging responsible sustainable investment that contributes to economic growth, enhances the tourism product, and protects the historical environment assets of Antigua and Barbuda."
