Politics
St Vincent prepares to open new international airport in 2014
Last year, the government said that it needed an additional EC$80 million to complete the airport, and after receiving Parliament’s permission to borrow some of the funds, said that it had secured all the monies needed to complete the project.
“The IADC has assured me that once it receives all the earmarked resources on a timely basis, it would meet the deadlines it has given to the Government,” Gonsalves told legislators last week. The government is hoping that some of the international airlines will begin discussions for service agreements in 2014.
But Eustace has said that the government borrowed much more than the EC$80 million suggested and stated that the figure was more like EC$158 million. He also the country could ill afford that amount at a time when it is dealing with damages caused by a low level trough over the Christmas holidays estimated at EC$300 million.
Source: Caribbean360
