The Nanny Cay Development Project, estimated at over $30 million, aims to transform Nanny Cay into the Caribbean's premier resort marina. Photo: Nanny Cay/Facebook

The Bitter End Yacht Club in North Sound, Virgin Gorda, is currently undergoing a multi-million-dollar development. Photo: Facebook

The owners of Biras Creek Resort have also invested millions of dollars in the resort's development. Photo: Facebook

Eustatia Island, where development is occurring. Photo: Facebook

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.