(Barbados Nation) Government is not prepared to bail out the cash-strapped Almond Resorts Inc. in light of the problems faced with the Gems Of Barbados project.
Speaking in Parliament yesterday during debate on the 2012-2013 Estimates, Minister of Tourism Richard Sealy stressed the need for a private sector-led solution to the problems facing the 600-room resort that employs more than 1 000 workers.
Sealy said Government’s involvement would only be facilitatory at this stage.
“I cannot and I will not support another Hotel & Resorts Limited [the company which ran Gems] . . . ; Bds$275 million and 15 years later you still had to turn around and get a private sector resolution. We will not have any repeat of that situation,” he said to the tune of loud thumping on the Government side.
