The company seeking to make major infrastructure investments in Bermuda says its representatives have met with government officials.

Urban Maximum Industries, Inc (UMI) said that after the November 25 meeting, the company will go through a “vetting process”.

UMI says it has secured the backing of International Asean Corp (IAC), which says it can provide as much as $5 billion for Bermuda projects from its ultra-wealthy investors, who are based in South-East Asia and the Middle East.

UMI, which was founded by Bermudians Arthur Brangman and Craig Looby, said: “We are seeking to have our international partners and investors attend a January 2016 meeting, with the Government of Bermuda, as we wish to address the various details face to face.”

The company has already expressed interest in developing new green energy infrastructure and a new Causeway.

Now it is proposing an alternative to the Government’s plans to redevelop LF Wade International Airport and to create a new monorail transport system for the Island.

The statement added: “We fully appreciate and support transparency and in considering the overall programme would suggest that the delivery of a diverse pool of developments, projects and programmes would use a number of standard engagement models, such as sole source deployments, and request for proposals, all of which based on the partnering agreements, would ensure local involvement via employment, contracting, subcontracting and the entire scope of support services: banking, legal, insurance and accounting.”

UMI thanked Michael Dunkley, the Premier, and Grant Gibbons, the Economic Develoment Minister, for agreeing to meet their representatives last month.