Permanent Secretary in the Ministry of Communication and Works, Anthony McMaster is projecting a lively Christmas season and an even busier 2019/2020 in terms of employment in the territory.
McMaster told BVI News several construction projects such as repairs to the Central Administration Complex in Road Town will begin by then.
In April, government received an $11.4 million payout from NAGICO Insurance to renovate the complex because of the damage it sustained during last year’s hurricanes.
“We are hoping that within the next month, two months we will be able to start sending out some of the tender documents for consultants, for actual construction works where designs have been completed already,” McMaster said.
A number of other Caribbean Development Bank (CDB)-funded projects are also in the tender process stage, McMaster said.
“Realistically, the summer is going to pass where we will be putting everything in place and hopefully by the last quarter of this year, we should actually see projects rolling out.”
He said persons in the local construction industry can anticipate a cash-filled Christmas.
“I think it will be a bright Christmas in terms of activity for the country. We are going to have a lot of activities ongoing which means a lot of money will be flowing into the economy as a result of these works.”
“Going into next year, we will be kicking in another gear because, by then, a lot of the other designs will be finished and those will also be tendered … So, I expect a very, very, busy next two years,” he added.
The CDB loan
This year, the Dr D Orlando Smith-led government borrowed some $65.2 million from the CDB for hurricane recovery.
The funds are expected to be channelled through various projects over the next three years.
Projects will include repairing the road network and sea defence wall in Carrot Bay, Tortola. More than $4.5 million is expected to be dumped into that project.
Another $5 million was set aside for the Road Town and West End ferry terminal repair and reconstruction projects.
Four million will go towards the development of a brand new building for the Department of Disaster Management and $8.75 million will go to the education sector.
The road network and sewerage projects around the territory will also receive attention, according to the government.