29th September 2022
Pierre continues to keep Saint Lucians at home and in the diaspora abreast of the policy decisions to return the country to a path of equitable and prudential development
By OPM
Prime Minister Hon. Philip J. Pierre continues to keep Saint Lucians at home and in the diaspora abreast of the policy decisions to return the country to a path of equitable and prudential development.
A previously scrapped a Public Private Partnership [PPP] 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 PPP 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 and guided by the recommendations from an independent committee review, the HIA redevelopment project is clear for a more fiscally responsible take off.
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