Archive for the ‘BVI Company Contracts’ Category

BVI company received US$300,000 contract for installation of sea markers

Sunday, July 7th, 2019

The BVI-registered company Sand Dollar Marine Consultants received the US$327,310.76 contract with the Recovery and Development Agency and local government, for the installation of sea markers throughout the British Virgin Islands. According to the contract, the company has to install 26 sea markers in different locations, within the six month period.
The markers are planned to enter the British Virgin Islands within the next few weeks and construction of a concrete base to secure a sea marker on Mosquito Rock is to begin in a short time.

The project is led by the Ministry of Natural Resources, Labour and Immigration in collaboration with the BVI Ports Authority and the Virgin Islands Shipping Registry. Recently, government has been taking steps to develop blue economy in the country by conducting a marine survey during two weeks time.

BVI company entered into agreement with Port of Québec to develop new terminal

Thursday, May 30th, 2019

Hutchison Port Holdings Ltd., the world’s leading port network, and Canadian National Railway (CN), the leading North American transportation and supply chain company, signed a long term agreement with the Québec Port Authority (QPA) to build and operate the new container terminal project Laurentia, previously known as Beauport 2020.

With this agreement, BVI company’s global network will increase to 52 ports covering 27 countries, including the United Kingdom, Spain, Poland, Sweden, Germany, the Netherlands, Belgium and many others. The project, which is US$775mln worth, will be financed mainly through the joint investment of the three partners.

The QPA has chosen Hutchison Ports after a competitive process in which it invited leading international port operators to provide proposals for the project. The Hutchison Ports is supposed to build the most environmentally and technologically advanced cargo-handling facility in North America.

Group Managing Director of Hutchison Ports said in his comments: “We are pleased to partner with the Québec Port Authority and CN to develop the Québec container terminal. Québec City will become Hutchison Ports’ gateway to the East coast of North America. With its fully intermodal deep-water port, its strategic location to reach the Midwest market, and the strong support shown by the local authorities, the Québec project has all the attributes to be successful in this highly important market.”

BVI Government seeks new investors for hotel, after failure of deal with CA (BVI) Group Corp

Wednesday, May 1st, 2019

The VIP government is seeking new investors for redevelopment of the state-owned Prospect Reef Hotel, as the previous US$90 million deal between NDP administration and ICA (BVI) Group Corp signed in July 2017 has not materialized. Junior Tourism Minister Shereen Flax-Charles announced during the budget debate that prospective investors appeared at a recent tourism conference; also, by words of BVI Premier Fahie, many persons have interest about the hotel and continue to make contact with the BVI government.

Meanwhile, Third District Representative Julian Fraser urged the new government to pay the employees of the resort, as there are security guards who are not being paid. Also, he asked the government to give the facility some attention: “Prospect Reef has been a benefit to no one for the last 15 years. We cannot afford to lose those kinds of facilities. We are a tourism-oriented economy, and those are the things that we need. We don’t go back when it comes to development and efforts should be made in getting investors involved in bringing those things to life.”

The previous developers, ICA (BVI) Group Corp, had the plans to construct 150 rooms, condos/townhouses, a marina, conference centre, parking lots, a dolphin attraction, infinity pool, salt water pool, and villas. They received an extension from the NDP government, which expired on March 31, 2019.

Luxoft entered into strategic partnership with Trend Micro Incorporated

Wednesday, April 10th, 2019

Trend Micro Incorporated, the global leader in cybersecurity solutions, announced a strategic partnership with Luxoft Holding, Inc., the global digital strategy and engineering company incorporated in the BVI. The companies will jointly introduce and deploy the Intrusion Detection System (IDS) and Intrusion Prevention System (IPS), a comprehensive cybersecurity solution aimed to detect, mitigate and respond to cyber-attacks on connected cars.

The upcoming IDPS solution developed specifically for cars, will be enhanced with machine learning techniques to identify anomalies in communication, behavior and the state of components. Key features of the solution are: securing vehicle-to-everything (V2X) communication, both physically and in remote mode; protecting cloud and mobility services, including over-the-air updates and asset management; establishing secure operation of car components; and providing sustainable cybersecurity protection level via continuous threat research and proactive control mechanisms.