Prime Minister Gaston Browne outlined the government’s plans to utilize proceeds from the Alfa Nero sale to pay off national debts. da, ensuring broad-based economic growth and opportunities.
Speaking on Pointe FM on Saturday, announced the government’s decision to reallocate a portion of the $40 million from the Alfa Nero funds to pay off debts, instead of using it to build the Callaloo Cay project as originally planned.
The Prime Minister also addressed the future development plans for Morris Bay, highlighting both past setbacks and new opportunities for growth. He began by discussing a previous partnership with a Dubai-based Sheik, who was supposed to develop a luxurious resort in the area.
However, the project did not come to fruition. “He did not perform, and we got back the land, every square inch of it, so we didn’t lose anything,” Browne stated, emphasizing the government’s reclaiming of the property.
To finance the project, Browne outlined a new strategy leveraging the Citizenship by Investment Program (CIP).
“We may have to accumulate the funds from the CIP program,” Browne explained, mentioning an uptick in CIP applications. “We aim to gather $30 million from the CIP, along with contributions from private sector members, to build a beautiful condo hotel.”
In addition to the condo units, the Prime Minister shared an exciting vision for the development, including the construction of overwater bungalows. “We are even thinking about having some over-the-water bungalows,” Browne said, highlighting a feature that could attract tourists seeking unique and upscale accommodations.
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FIX OUR DAMN ROADS NOW YOU FOOL! EXTEND THE DEBT REPAYMENTS NAH …
WHAT AH DAMN FOOLISH PM!
And remember the employees you ruthlessly sent home cause they chose life over death. Have a heart and pay them their two months salary. Election is around the corner.
Pay some overtime monies that are owed for so long.We need it please and thanks!
Didn’t he say he spent it already.
Yes, say you pay off debt. Nobody knows which debt. Maybe it is the debt in the politicians pockets. Bunch of thieves. Antiguans will never see any benefits from the sale of the stolen yacht but will have to pay the indemnity.
Browne boy browne boy what you going to do what you going to do when the Ruski’s come for you they don’t give second chances you better have their $$$$ when John wick come 😁
The debt to IHI is still outstanding.
You Guys said the ALFA NARO could not be sold. Now that the yatch is sold you must find something to complain about. Dumb ASSESS.
@ SHARL
Technically it is not sold……it is in abeyance.
ABLP will still need to find the $108,000,000.00 to pay the rightful owner(s) and refund the latest purchaser.
“SHOULD” not be sold @ SHARL … big, big difference to “COULD”
Most of you might not know them Russians are not 2b play with cross them guys and it’s lights out they have taken out much bigger fish than this Sh#%* fish they just love 2make an example of people that get 2big for them boots we here in the Caribbean have this feeling we can say n do as we like but that’s once upon a time big $$$$ have Big connections and a long arm.
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