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International airport to cost EC$652 million, expected in 2013: PM

Prime Minister Dr. Ralph Gonsalves (File photo).

KINGSTOWN, St. Vincent – Vincentians can expect the Argyle International Airport to be complete by the end of 2013 Prime Minister Dr. Ralph Gonsalves said on Sunday.

He also said that the facility is now expected to cost EC$652 million, up from the EC$480 million it was estimated to cost when first announced in 2005.

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Gonsalves explained the revised cost during the ground-breaking ceremony for the construction of the terminal building.

He said that so far the International Airport Development Company (IACD) has spent EC$28 million on the project but the value of work done is EC$180 million.

Gonsalves also said that with the international airport on its ways plans are area in place to build a new city at the existing E.T. Joshua Airport site.

(I Witness-News apologises for the quality of the audio in this post)

Discussion

8 thoughts on “International airport to cost EC$652 million, expected in 2013: PM

  1. Still no details relative to funding, still no budget outline, still no disclocure of the constitution and contributions of this so called “coalition of the willing”.

    So we the logical conclusion from the PM’s cost distribution analysis is that a project estimated to cost one billion by one firm or $650,000,000 by another, can be done with 1/7th of the cash?

    In other words 92.8 million dollars can substitute $650 mils? This in light of the trend of cost overrun norammly associated with such captital extensive projects with so many unforseen and uncontrollable variables?

    Posted by Vincent Charles | August 8, 2011, 07:41
  2. It really doesn’t matter if it costs 2 billion, Francis told us that Gonsalves told him that when the airport is finished, there will be no debt outstanding to the Vincentian people. In other words someone else is paying for it. Was that a lie?

    Remember Ralph said “show me a liar and I will show you a thief”

    Posted by Peter | August 8, 2011, 13:22
  3. A LIAR HAVE NO MEMORY, ULP HAS A BUNCH OF OF THEM IN ITS PARTY.

    Posted by girlee | August 8, 2011, 18:33
  4. “I am here to finish the work of Maurice Bishop”

    August 3rd 1983, Grenada: At a meeting on this date, the Political/Economic Bureau of the NJM noted that the International Monetary Fund requirements for badly needed assistance would be difficult to meet. Comrade Maurice Bishop suggested that “we use the Suriname and Cuban experience in keeping two sets of records in the banks for this purpose”

    Refs: Public Record Office, Maryland, USA. (Micro-Fiche)
    The original documents held by Grenada Public Records Office
    [all open and available to the public]:
    Location:
    Box 1 Folder 72. Minutes of Meetings – August 1983
    Date: 3 Aug 1983: Description: Minutes of Central Committee, Political Bureau, Economic Bureau and other Meetings refer to the economy, fraudulently readjusting the books for IMF.
    also: http://www.dod.gov/pubs/foi/reading_room/153.pdf

    page 9 Deception on Economic Matters
    At a meeting on August 3, 1983, the political/Economic Bureau of the NJM noted that International Monetary Fund requirements for badly needed assistance would be difficult to meet. “Comrade Maurice Bishop suggested that we use the Suriname and Cuban experience in keeping two sets of records in the banks for this purpose” Later in the meeting “Comrades again highlighted the urgent importance of training Comrades to adjust the banking figures. Someone should be sent to Cuba or the Soviet Union” And again “The comrades from Nicaragua and Cuba must visit Grenada to train Comrades in the re-adjustment of the books.”

    Posted by Peter | August 10, 2011, 22:22

Trackbacks/Pingbacks

  1. Pingback: NDP dismisses PM’s airport speech an ‘an empty address’ « - August 8, 2011

  2. Pingback: Opposition leader expects ‘many more’ increases in airport price tag « - August 8, 2011

  3. Pingback: US officials doubted Gonsalves’ airport: WikiLeaks « - August 25, 2011

  4. Pingback: US officials doubted Gonsalves’ airport success: WikiLeaks « - August 25, 2011

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