in All News / By: BVI News on November 15, 2024 at 7:53 AM /
The Terrance B Lettsome International Airport expansion has moved closer to reality, with Cabinet approving a strategic outline case that sets out options for the project, including a proposed runway length of 7,000 feet to meet major airline requirements.
During his recent budget address, Premier Dr Natalio Wheatley emphasised the expansion’s significance for the BVI’s economic future.
“Interest in the BVI and the demand for airlift are high,” Dr Wheatley stated, noting the project’s potential to increase direct access to international markets, attract larger aircraft, and reduce reliance on regional hubs.
The business case, developed by KPMG (BVI) Ltd, is expected by February 2025, paving the way for a final decision. The proposed expansion would add at least 2,400 feet to the current runway, enhancing the BVI’s global connectivity.
Premier Wheatley reiterated his administration’s commitment to starting the project before the end of its current term in 2027. “We are extending the runway. That’s something we campaigned on, and we’re going to make it a reality,” he affirmed.
The project’s financial framework remains under discussion, with options such as public-private partnerships, loans secured by the Airports Authority, or leasing the airport being explored. The Premier assured the public that consultations will be conducted to gather input from residents and stakeholders.
This expansion is poised to position the BVI as a more accessible and attractive destination while bolstering its economy through improved international connections.