St Vincent and the Grenadines' Argyle International Airport is scheduled for completion in 2012. Not only is this the largest capital project ever to be undertaken in the country - estimated cost is EC$ 600 million - but it is being built at one of the most challenging times in the economy.
St. Vincent and the Grenadines is located in the Eastern Caribbean, just 100 miles west of Barbados, and the Argyle International Airport is located on the eastern coastline of St. Vincent.
The project is being managed by the International Airport Development Company Limited (IADC), a private limited liability company wholly owned by the Government of St. Vincent and the Grenadines. The company's mandate is to arrange for the financing and construction of the Argyle International Airport, and thereafter to manage the facility.
To date, the Government has secured financing for the project from grant funds and pledges from a diverse group of friendly countries, including the Republic of Cuba, the Bolivarian Republic of Venezuela, Taiwan, Trinidad & Tobago, Mexico, Austria, Malaysia, Turkey and Iran. The Government's contribution to the project is estimated at around 30% of the total costs.
If the Unity Labour Party does not succeed at the polls, will this project continue under a National Democratic Party administration, since it has been criticized heavily by leader Arhim Eustace? This is a question that many Vincentians at home and abroad are asking.