Prime Minister consults on Hewanorra Airport Redevelopment Project
Channel: Saint Lucia Government
Date: 2022-09-28

Prime Minister Hon. Philip J. Pierre continues to keep Saint Lucians at home and in the diaspora abreast of policy decisions to return the country to a path of equitable and prudential development.
 
A previously scrapped a Public Private Partnership arrangement between the Government of Saint Lucia and the World Bank’s International Financial Cooperation (IFC) to redevelop the Hewanorra International Airport (HIA) cost taxpayers an almost $1 million dollar penalty. Moreover, the decision to back out of the public-private-partnership arrangement in favour of a go-it-alone approach set Saint Lucia on track to rack up more than $1.3 billion in debt.
 
The Pierre Administration has intervened and after consultation with the IFC, guided by the recommendations from an independent committee review, the HIA redevelopment project is clear for a more fiscally-responsible take off.