AGP Executive Report
Last update: 3 hours agoCBI Pressure: Five Eastern Caribbean countries, including Saint Lucia, face a November 12 deadline to commit to ending citizenship-by-investment programmes by June 2028 or risk losing visa-free access to Europe. The change could affect public revenue, construction and jobs. Tourism: Allen Chastanet argues stronger partnerships should turn visitor growth into more local investment and employment; Saint Lucia recorded 435,659 visitors in 2024. Airport Upgrade: NH International’s EC$666 million Hewanorra redevelopment could open supply and subcontracting opportunities, with the contractor saying local labour, materials and services come first. Renewable Energy: LUCELEC has bought 70 acres in Micoud for a 10 MW solar farm with battery storage, expected to offset about 1.2 million gallons of imported fuel a year once operational. Climate Resilience: A US$44 million regional fund will support Saint Lucia and four other countries, including through grants for climate-resilient agriculture, fisheries and coastal communities. Transport Costs: FRS Express des Îles introduced a temporary €5 one-way fuel surcharge on international ferry routes from November 1.
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