Multi-million-dollar investment from private sector; Confidence in VIP strong
Dr Wheatley noted that “It is also about investing in the future”.
In his speech at Noel Lloyd Positive Action Movement Park, the Premier said “Confidence in the Virgin Islands tourism product is also reflected in major private sector investments”.
Currently there are over 10 multi-million US dollar projects ongoing, including at Nanny Cay, Bitter End Yacht Club, Biras Creek Resort and Eustatia Island to name a few. There are also another 4 major private sector projects at The Town and Country Planning Department awaiting approval, including a request by Long Bay Beach Resort for an almost 3.5 million- dollar dock and breakwater project.
Confidence in VIP Government strong
These projects show the confidence the private sector has in the Virgin Islands Party (VIP) Government under the Wheatley administration, according to one social commentator. They will go a far way in also boosting the construction sector, providing jobs and other economic spin offs.
There are also endless private homes and apartment complexes being built by other local investors, which shows that there is much confidence in the rebounding of the Virgin Islands economy and the stewardship of the Dr Wheatley Administration.
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20 Responses to “Multi-million-dollar investment from private sector; Confidence in VIP strong”
Any Cay was already in the works and Long Bay is a drop in the bucket investment at $3.5m. That’s peanut change in today’s financial market. Are persons in Tortola in favor of this project? Has it come to the community? Will the community benefit from the construction? Who really benefits after the construction??
When will we hear what the public sector is doing?
The private sector is doing for themselves, when will the public sector do things for the country and its people?
The place is in a deplorable condition and you there talking about private sector. It seems as if everyone needs glasses to see that the country is moving. It's at a stand still for too long.
The Long Bay project is new and I guarantee you none of the citizens in that area want it.
The magical projects sitting in Town and Country will never materialize. Why are they sitting in there instead of being moved along expeditiiously? Prospect Reef Resort development or at least at the bare minimum demolition from being an eyesore? Dont mind the noise. Not a thing going on because of no confidence in this government. Unfortunately some of our people will only read the headlines and not think for themselves.