By the Caribbean Journal staff

The Bahamas’ Harbour Island is getting a major new hospitality project.

Bahamian officials have signed a Heads of Agreement with 4M Harbour Island Limited for the redevelopment of the Harbour Island Marina into a “world-class tourism facility.”

The estimated $45 million project, slated for completion in less than three years, will include a resort and marina development on the southwest coast of Harbour Island.

The property will be redesigned into a luxury megayacht-based resort community, with 28 guestrooms, 10 villas and a swimming pool, according to Prime Minister Dr Hubert Minnis.

The 55-slip marina will be designed in a classic Loyalist style.