Business

CAC selected for redevelopment project in Barbuda

Friday, November 16, 2018

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As the redevelopment of the island of Barbuda continues since its devastation more than a year ago by Hurricane Irma, Jamaican-based company CAC 2000 Ltd has been selected to join an international engineering team involved in the development of an initial set of multimillion-dollar houses on the island.

These houses are a part of an initial phase of redevelopment following the catastrophic damage caused by the hurricane on the smaller of the two islands that make up Antigua and Barbuda.

“We are proud to have been selected to work in the region on these houses,” said Steven Marston, CEO of CAC, via news release. “Whilst we have already done similar houses for high net worth individuals in Jamaica, this new venture will see us working with a team of experts from around the world who specialise in these types of houses.”

CAC 2000 are known in Jamaica for the installation and maintenance of air conditioning and refrigeration systems for small and large-scale projects.

Their contribution of “design and build” services to the project in Barbuda will involve mechanical, electrical and plumbing (MEP) services, and all air conditioning and ventilation needs. The CAC team will also lead the design and build of renewable energy sources, pools, telecommunications, and safety and security features.

They have also been selected to design power plants to generate electricity through a combination of renewable (solar and wind) power and fossil fuels, with the added benefit of reducing the overall fuel usage of the widespread development.

The Jamaican company will be part of a high-calibre project team which includes Los Angeles-based architect Scott Mitchell whose portfolio extends across the United States, contractors Silich Construction who have been involved in projects inside and outside the US, and project management specialists Shugart Wasse Wickwire of Seattle, Washington, whose work has included residential, commercial and retail buildings.

The redevelopment venture is potentially worth US$10 million-20 million to CAC over the next three to four years and is in keeping with their plans to expand beyond Jamaica. The first phase of the project, which officially commenced in Sept 2018, is expected to be completed by 2021.

Marston explained that CAC also intends to expand its role in the rebuilding of Barbuda.

“We plan to extend our scope of work to other areas of infrastructure and housing development for the island, inclusive of worker accommodation, utility plants, schools and clinics,” he said.

CAC's expansion into Barbuda follows an improved third quarter with revenues totalling $285.38 million or 23 per cent higher than $231.67 million a year earlier. Year-to-date revenue totalled $908.81 million or 14 per cent more than the $799.18 million realised for the same period in 2017.

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