It’s Official… The Ottley Hall Marina and Shipyard has been leased for 15 years to the locally registered company, St. Vincent Shipyard Limited, (SSL).
The announcement came in the form of a media release issued by the company.
Last month Prime Minister Dr. Ralph Gonsalves announced that the government was in talks with the company, however he did not provide any information in relation to the arrangements.
SSL comprises of five local engineers and three persons from abroad who are shareholders.
According to the media release the agreement which was officially signed on Tuesday 23rd June will be in effect for 15 years in the first instance.