The Tribune

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

The $1.5 billion Albany project's managing partner yesterday said no developer had invested more equity capital in the Bahamas, as he urged the Government to address key issues left by its predecessor.

Christopher Anand called on the Minnis administration to address the Clifton oil spill, the New Providence landfill and power outages plaguing the island.

"Please fix the oil in the sea at Clifton, which the previous government promised to do; please fix the the power; and please fix the dump," said Mr Anand yesterday during a visit by Prime Minister Dr Hubert Minnis and Free National Movement (FNM) MPs.

Mr Anand touted the south-west New Providence community as the "Monaco of the Caribbean", adding: "We are trying to build a place here where the world's richest people will come and settle."

Mr Anand said Albany complemented the tourism offerings already in the Bahamas, adding that the project had been able to attract a high-end clientele this nation had never seen before.

"We brought new people to this country, both as business and homeowners," said Mr Anand.

He added that $1.5 billion had been invested in Albany to-date, with no debt. "I don't think anyone has invested more equity in the Bahamas than us. We have done it is the toughest economic times in history," said Mr Anand.

He said this was accomplished through completing the development in stages. Albany was founded by British billionaire Joe Lewis and his private investment organisation, Tavistock Group, together with golfing greats, Tiger Woods and Ernie Els.