Hope of new investments, developments for St Lucia

St Lucia's famous landmark Pitons (Photo: TravelPost.com)

CASTRIES, St Lucia, January 14, 2010 – St Lucia’s Minister for External Affairs, International Trade and Investment Rufus Bousquet says he is optimistic Saint Lucia will reap real benefits from new investments and developments this year.

And he says he expects the construction sector to lead economic activity this year.
 
Bousquet says various projects, which were delayed last year because of the economic slowdown, will come back on stream in 2010, along with several new projects.
 
“By virtue of the investments which government and its various agencies are going to be making, particularly in the construction sector, we expect that both the private and public sectors will do enough to absorb those who are displaced in other sectors,” he said.
 
Bousquet, who is also the minister responsible for the National Development Corporation (NDC), says the NDC will spearhead major developments in the southern quadrant of the island during 2010.
 
The developments are earmarked to stimulate economic activity in the country, while creating employment and improving the livelihood of all citizens.
 
"We  will see major new developments in the Vieux-Fort area, both from the private and public sectors through the National development Corporation, ” the minister remarked.
 
“The NDC has done considerable work and put various plans together for the sale of lands and for the development of various properties in the area. The private sector is also on board with plans for the development of tourism facilities throughout the area.”
 
Minister Bousquet says he is also excited about the development of a new terminal at the Hewanorra International Airport, the construction of which is expected to begin soon.