Prime Minister saves taxpayers from multi-million dollar debt burden
Channel: Saint Lucia Government
Date: 29/08/2022

A seven-member expert committee has returned its findings into the financial arrangements and scope of works concerning the Hewanorra International Airport Redevelopment Project. 
 
The cost of the foundation escalated from EC$4.86 million to EC$51.3 million, a cost-overrun of EC$46.44 million.
The contracted price for the project is not fixed and was based on preliminary rather than detailed designs.
The contractor claimed that the likely cost overruns up to the shell phase of the project will be approximately US$42 million or EC$113.4 million.
The project, under its current track, can cause the project to end up costing approximately US$400 million or EC$1.086 billion.
 
Hon. Pierre has taken immediate action to avert what could have been a billion-dollar debt burden imposed on Saint Lucian taxpayers. 

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