Government has found potential investors to develop the Terrence B Lettsome International Airport on Beef Island.
Premier Dr D Orlando Smith announced on Thursday that his government is now holding talks with these possible investors as well as the BVI Airports Authority.
“There are ongoing discussions with persons or groups who are interested [in the project],” said Premier Smith at a press briefing yesterday, April 12.
While making the statement, Dr Smith said he was unable to divulge any additional information on the matter, right now.
And according to the Premier, he is ‘keen’ to see the airport developed.
“We recognize its importance to the country in the development of our economy here in the BVI,” he said.
The expansion project is estimated to cost $250 million and will see the airport’s runway being extended from 4,645 feet to about 7,100 feet.
Other plans for the facility include development works to modernize the airport’s terminal.
The Premier announced roughly three months ago that government was hunting investors for the undertaking.
He said in exchange for their investment, the government may hand over control of the airport for at least two decades.
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