Markets

St Lucia to Launch Construction Stimulus

By: Caribbean Journal Staff - August 14, 2012

Above: Sugar Beach in St Lucia

By the Caribbean Journal staff

St Lucia is readying the launch of a two-year construction stimulus programme, Prime Minister Dr Kenny Anthony announced.

The government called the plan, which would begin this month and end in February 2014, a “direct and immediate response to the lethargic economic environment currently being experienced.”

The stimulus is being launched in conjunction with several private sector partners, including the St Lucia Chamber of Commerce and the St Lucia Bankers Association, along with the Customs Department and other government agencies.

Part of the plan includes reduced prices on all building materials, reduced fees associated with new mortgages for residential and commercial construction, and “soft financing” for such projects.

The launch comes a month before St Lucia’s implementation of its new VAT consumption tax.

The stimulus plan will officially launch Aug. 21, the government said in a statement.

Popular Posts cape santa maria

The Best Caribbean Beach Resort You’ve Never Heard of 

There’s a boat just offshore called “Escape.”  It’s bobbing in some of the most brilliant, dynamic turquoise water I’ve ever seen, a few meters from a stretch of sand so bright and so white you have to squint to look […]


Marriott Is Opening Its New St Regis Resort In Aruba 

aruba st regis inside the restaurant with chairs

It was more than a decade ago that Marriott opened its first-ever Ritz-Carlton resort in the Dutch Caribbean: the Ritz-Carlton, Aruba, which at the time was the island’s first true five-star resort.  Fast forward to 2024, and Marriott is set […]


From All-Inclusive Resorts to Beaches, Travelers Are Falling in Love With Antigua and Barbuda

antigua barbuda frontier airlines the peninsula with sand

The plunge-pool villas at Hammock Cove. The historic streets of Nelson’s Dockyard. Pool days at Sheer Rocks. Unforgettable honeymoons. Vibrant meals of pepperpot and fungee. Beach bar hopping on the south coast. Endless serenity in Barbuda.  Travelers keep flocking to […]


Related Posts margaritaville bahamas resort project

Bahamas’ Margaritaville Resort Project Relaunching Construction

By Joe Pike, Special Contributor A spokesperson for the Nassau Paradise Island Promotion Board told Caribbean Journal Invest (CJI) on Thursday that the much-anticipated Margaritaville Beach Resort in Nassau, The Bahamas will resume construction on May 11 with plans to […]


The Turks and Caicos Construction Industry Is Reopening

ritz turks

The construction sector is reopening in the Turks and Caicos Islands, according to the British Overseas Territory’s government.  Turks and Caicos’ Deputy Premier will be leading the reopening of the sector, which officially took effect May 11.  All construction companies […]


Turks and Caicos Begins Phased Reopening; Borders Remain Closed

turks caicos reopening

Turks and Caicos Islands has begun a phased reopening of the British Overseas Territory.  Crucially, the reopening will not yet affect travel — meaning international travel to Turks and Caicos will remain closed until at least June 1, according to the […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You