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‘Stalled infrastructure projects threaten SVG’s economic future’

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Major capital infrastructure projects across St. Vincent and the Grenadines have ground to a halt under the current administration, threatening long-term economic momentum and job creation, according to Opposition Senator Kesal Peters.

Replaying a campaign broadcast from October 2025 in which she warned voters that the NDP represented a ‘national disaster pending,’ Peters declared that the forecast has materialized into economic reality within less than a year in office.

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Chief among the stalled developments is the $98 million Acute Referral Hospital project at Arnos Vale, funded by the Government of Taiwan. Peters pointed out that construction on the state-of-the-art facility—intended to replace aging infrastructure at the flood-prone Milton Cato Memorial Hospital—has ceased completely, despite having been ahead of schedule prior to the change in government.

She further highlighted the stall of the Taiwan-funded National Roads Rehabilitation Project, incomplete road construction in West Kingstown and Banfield, the postponement of the $500 million Sandals Beaches Resort project to 2030, the abrupt departure of Delta Airlines in favor of Barbados, and the sale of Chatham Bay below market value.

Peters demanded full transparency regarding secured project funds, asking: ‘We went to Parliament and secured the funds for the Acute Referral Hospital and the National Road Rehabilitation Project. We negotiated loans with the Saudi Fund and obtained $20 million in concessional financing. What has the government done with these monies?’

The Senator also criticized the government’s heavy reliance on Citizenship by Investment (CBI) programs as a principal growth engine. Pointing to global regulatory pressures forcing regional CBI reform by 2028 and findings from the recent IMF Article IV consultation, Peters argued that the government lacks a viable strategy to replace lost construction and tourism investment.

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