Providenciales, 09 Jan 2015 – A sand-mining tax break has been approved by Cabinet with conditions. The application to have royalties waived for the process of sand-mining for maintenance development for the Cooper Jack Development was considered during Thursday’s meeting and His Excellency’s Office says it was only approved because the developers have agreed to get started on the project.
Government want to see construction industry employment created, new recurring revenue for the TCIG coffers and other related social and economic benefits. The dredging has to be done within 12 months from the date the Planning Department approves the work to start.
