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Close to One Billion dollars in Capital projects for SVG

2 Min Read

Several capital projects are on the immediate horizon for St Vincent and the Grenadines. These were outlined by Prime Minister Dr Ralph Gonsalves in his independence message on Wednesday

Among the big capital projects of the government for ongoing implementation over the next three or so years, are the;

  • $500 million Modern Port Project;
  • $150 million Acute Referral Hospital at Arnos Vale as the anchor project of the city at E.T. Joshua, Arnos Vale;
  •  $40 million reconstructions or rebuilding of nine schools; the $40 million sea defence project at Sandy Bay;
  •  $30 million housing reconstruction and relocation project consequent upon the volcanic eruptions; the multi-million dollar road repair and reconstruction programme;
  • $50 million High Court Complex and Modern Parliament Project; the likely pursuit, with a possible new technology, of the further exploration of our geothermal resources; and the ramping up of the provision of solar energy.

Gonsalves said his government, in short, intends to proceed apace, as resources and circumstances permit, with its transformative quest to build a modern, competitive, many-sided post-colonial economy.

He said In the process, his government will emphasise a modern economy built with unlimited supplies of skills and knowledge which is priced at an appropriate level in the international division of labour.

Hitherto, the economy of St. Vincent and the Grenadines has been based largely upon unlimited supplies of cheap, relatively unskilled, and insufficiently skilled, labour.

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