• Today
    May 22

  • 06:37 AM

NIS Four Seasons deal on

luigimarshall, luigimarshall@nationnews.com

Added 11 December 2011

chrissincklerlm

IT’S A DONE DEAL! The National Insurance Scheme (NIS) has agreed to provide funds to jump-start the stalled Four Seasons project. Reliable sources have disclosed that the NIS board last week approved the proposal for the scheme to invest $60 million in the development. “The details and conditions of the loan are contained in correspondence that has been sent to external counsel for them to draft the loan agreement,” an insider disclosed. Minister of Finance Chris Sinckler would neither confirm nor deny that the approval had been given, saying: “You will hear that in the fullness of time. (DP)   Full story in today’s SUNDAY SUN.  

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