Major projects for Preconco

In the midst of a turbulent economic climate, a local construction firm is reporting a positive start to 2017.

In fact, the Mark Maloney-led Preconco Limited, which recently attracted criticism for its involvement in Government projects, revealed today that that two major resorts projects would soon be coming on stream.

While not giving details, Operations Manager Joshua Read said the company was now in the design and engineering stages for the developments along the west coast and the south coast.

Read also said the company was in negotiations for “several projects”, which were scheduled to begin later this year.

In the meantime, he said Preconco was focused on upgrading its Lears, St Michael facility, as well as other aspects of its operations.

Just last week, Barbados TODAY reported on the company’s efforts to get greater fiscal incentives from the Freundel Stuart administration, which were published in the February 9, 2017 edition of the Official Gazette.

The public notice said that the Minister of Industry, International Business, Commerce and Small Business Development was about to be asked to consider whether for the purpose of the Fiscal Incentives Act, 1974, piles and portaframe buildings should be approved and whether Preconco should be an approved enterprise in respect of the relevant product.

No mention was made by Read of that request today. However, he said representatives from Preconco had travelled to the United States earlier this month to meet with specialists in the precast and concrete industry, and as a result the company was expected to partner with a large international firm over the coming months.

Read also reported that the company was already reaping dividends from its involvement in several projects in Bermuda.

“It has been a good start to the year for the company,” he said.

4 Responses to Major projects for Preconco

  1. jrsmith March 17, 2017 at 4:29 am

    Thanks for the projects but its time you private corporates put pressure on our untrustworthy politicians to take back our (Barbados National Bank) we dont really have nothing barbados……………………

  2. terry March 17, 2017 at 1:18 pm

    hi sir , nice to see ,u guys getting along with the proposed hyatt project after all the critics from the barbarian public along with some govn ministers.

    my main reason is to reach out to u guys to seek some sub contracting works in which fields available. My name is terry ,project manager and owner for a small construction business, EXCLUSIVE BUILDERS. I have a great team of artisans who involved in carpentry,joinery,masonry , tiling ,all paint and slick finish ,trowel plastic ,coral stone and soft stone rendering,concrete and curb finishes. i am in the field for over 13 years and produce a high class of work. i would take the opportunity to meet with u guys and if any further business can be done.
    good luck on your projects
    best regards,
    Terry .

  3. Carson C Cadogan March 17, 2017 at 9:53 pm

    Maloney must be one of the only members of the Barbados Private sector who is firing on all cylynders. KEEP UP THE GOOD WORK MR. MALONEY.. Dont be distracted by MIA AMOR MOTTLEY and her Barbados Labour Party. She has never done anything for the good of Barbados.

  4. Truful March 20, 2017 at 10:15 pm

    Sad so SAD blinded by politics.Mr Cadogan I voted DLP 8 OUT OF the 9 times I voted and love the DLP but these rats are not DEMS.


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