Private sector infrastructural investments to boost St Lucia economy

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Prime Minister Dr Kenny Anthony

 

CASTRIES, St Lucia, Thursday May 14, 2015 – Prime Minister Dr. Kenny Anthony says hundreds of jobs will be created for St. Lucians with the planned construction of a Courts Megastore, a commercial and industrial park and two hotels in the island.

He spoke about the private sector investments, which he said demonstrated confidence in the economy, as he delivered the 2015/2016 Budget statement on Tuesday.

“We are beginning to see encouraging signs of investment in the private sector,” he said.

“Unicomer will commence in July its new $15 million Courts Megastore; the Chreiki family has commenced construction of its new Dayana Centre at the corner of Bridge Street and Jeremie Street in Castries; the CIE Group led by Mr. Rayneau Gadjadhar plans to commence construction of a commercial and industrial park in Cul de Sac; and work on the Harbour Club, a 100-room companion hotel to Dive St Lucia, is under construction at the Rodney Bay Marina.”

The prime minister added that what was perhaps the most significant investment coming St Lucia’s way was the Sunwing Group’s plan to demolish the former Smugglers Hotel and construct a new hotel in its place.

“I am advised that some 1,200 persons will be employed during the construction of this property. On completion, some 600 persons are expected to be employed full-time,” he said.

Anthony said government would seek to stimulate growth in the economy and attract new investments by introducing policies to expand economic activity, introducing new investment options and increasing expenditure in public infrastructure.

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