Funds allocated to tourism development in the 2022 budget

The Prime Minister and Minister of Finance, the Honorable Andrew A. Fahie, said two hundred thousand dollars ($ 200,000) is allocated to the development of tourism infrastructure, underlining the government’s commitment to develop the tourism product of the territory in the 2022 Budget Speech.

The premier said several projects will be undertaken, including the construction of sanitary facilities at Brewer’s Bay as well as a number of upgrades to Virgin Gorda Taddy Bay Airport to include a new visitor center, the runway expansion, lifeboat repairs, an emergency drill and updated flight crew information packs.

Premier Fahie also said TB Lettsome International Airport will also benefit from a runway extension, adding that funding is already earmarked in this year’s and next year’s budgets.

The Prime Minister said that despite the setbacks suffered during these difficult times, the BVI Tourist Board, BVI Ports Authority, BVI Airport Authority, as well as public and private institutions, have worked together to attract visitors while simultaneously ensuring that the territory is both a competitive and sustainable destination.

Prime Minister Fahie said: “Where tourism is one of the two main economic engines of the Virgin Islands, any progress we can make right now… offshore based entrepreneurs, museums, national parks, sailing companies and all the entrepreneurs and businesses that serve our visitors.

The Prime Minister highlighted the many successes the VI has had so far in its tourism sector since its reopening, including the success of the BVI delegation to the Seatrade 2021 world cruise conference which resulted in the confirmation of 176 more calls to the Virgin Islands from October 2021 until 2024., as well as additional international round-trip ferry services, the upcoming reopening of Taddy Bay airport, the continuation of the Anegada lobster festival and Culture and Tourism Month.

Prime Minister Fahie concluded by stating that the government and other relevant stakeholders are actively involved in the innovation of the VI tourism product by exploring areas such as nature tourism. He also reminded the public of the National Tourism Strategy which will facilitate this innovation in a global way.

“The National Tourism Strategy, when completed in 2022, will be the model for all aspects of the formation and positioning of the Virgin Islands tourism industry in the current global landscape,” the Prime Minister said, adding: “ This strategy will also provide us with even more modern approaches on how to improve, improve and support our tourism industry.

People can read the full 2022 Budget Speech at bvi.gov.vg.


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