The Unity Labour Party Manifesto 2015
Table of Contents
The NDP administration under Sir James Mitchell built the Ottley Hall Shipyard and Marina. The concept was sound but the government and people of St. Vincent and the Grenadines were ripped off so extensively that the facility had incurred a debt of nearly EC $200 million but it was worth, in an arms’ length transaction, no more than EC $10 million. In short, the project was a failure!
The ULP administration secured, in 2007, nearly EC $175 million in debt relief and paid approximately EC $16 million to secure full ownership of the facility, inclusive of the lands. This was a huge victory for the government and people of St. Vincent and the Grenadines.
From 2007 onwards, the ULP government was seeking appropriate private sector partners to operate this Shipyard Facility. A few months ago, our government signed an agreement with a group of local and overseas investors under which the Shipyard (and the specific portion of the lands on which the Shipyard stands) was leased to the private investors, under very business-like terms negotiated by the senior public servants. As a result, the prospects for the facility are good in terms of increased business and jobs, and enhanced linkages with our shipping and tourism industries.
In our fourth term, the ULP government will monitor the agreement and ensure more wealth and job creation for our country.