Committee returned its findings into the financial arrangements and scope of works concerning the Hewanorra International Airport Redevelopment Project

29th August 2022

Committee has returned its findings into the financial arrangements and scope of works concerning the Hewanorra International Airport Redevelopment Project

By OPM

Established by the Philip J. Pierre led Cabinet shortly after assuming office last August, the 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 overrun 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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