Logistics & Transportation Brochure - CIF 2022

Logistics & Transport | ST. VINCENT AND THE GRENADINES

ST. VINCENT AND THE GRENADINES

Name of Project: Port Modernization Project

Mode of Investment: Establishing a Joint Venture and establishing and implementing a project through PPP

Public/Private Sector

The port of Kingstown (capital city of Saint Vincent and the Grenadines) has undergone major changes over the centuries. However, to facilitate continued economic growth and development, it is “critically important” that further port development occurs. The objectives of this project are to utilize climate resilient infrastructure for the purpose of modernising the Kingstown port facilities, consolidating operations, and creating the scope for future expansion. The Port Modernisation Project will see the port and all its subsidiary functions (SVG Port Authority, Customs and Excise and the Immigration Department etc.) being relocated from Upper Bay Street (Upper Kingstown) to Rose Place (Lower Kingstown). This project will act as a catalyst for urban regeneration; and is designed to minimize disruption through seaward reclamation. Additionally, themodernizationof Kingstown’sport facilitieswill includesocio economic safeguards to ensure that interested groups and stakeholders are not disadvantaged. The Port Modernisation Project will occur in three phases: 1) construction of the primary cargo port 2) construction of the intra-island ferry facility and 3) construction of the inter-island ferry facility. Construction is estimated to span over 30 months (not to exceed 36 months) and should commence in September 2023, if all goes according to plan. The Government of St. Vincent and the Grenadines is interested in Joint Venture or Public Private Partnership options and welcomes enterprising investors.

Investment amount estimated in US$: USD $247 million

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