This year, the government of St Vincent and the Grenadines (SVG) will invest more than $11 million to improve fishermen’s safety, comfort, and productivity.
Budget 2024 will finalise plans and begin construction and rehabilitation activities on fisheries centres in Chateaubelair, Owia, and Calliaqua through the Volcanic Eruption Emergency Project (VEEP).
These improvements will boost production, safety, and comfort for both fisherman and consumers.
The government has chosen to set aside a portion of the proceeds from the sale of the Brighton Bay sand for the benefit of Calliaqua and Shipping Bay fishermen, as well as those who were relocated from Rose Place to Lowman’s Bay due to port construction operations.
Last year, the government paid $5,000 in ex gratia to 81 fisherman from Calliaqua and Shipping Bay.
This year, Budget 2024 includes an additional $750,000 in dredging revenue to create safe and sanitary facilities for fishermen operating off of Lowman’s Bay and Shipping Bay.
For those who want to buy their own boats and engines, Budget 2024 continues Phase II of the Fishing Development Project, which gives a down payment to fishermen who want to borrow money for smaller boats and supplies.
The $500,000 committed to this project in 2024 will enable fishermen to access $2.5 million in private sector financing.
