Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

BVI government to focus on capital development projects in 2014
Published on February 5, 2014 Email To Friend    Print Version

ROAD TOWN, BVI -- Capital development projects will take priority this year as the British Virgin Islands government continues to make strides towards moving the territory towards stability and growth.

Dr Orlando Smith
In the 2014 Budget Address, premier and minister of finance, Dr Orlando Smith, emphasised that carefully selected projects will focus on stimulating the economy through repairing and constructing modern, efficient public infrastructure. The government anticipates that this infrastructural development will build and support the twin pillar economy and create new employment as well as new business opportunities.

Smith presented the 2014 Appropriation Bill totalling $301,746,000 on January 13 during his 2014 budget address to the territory.

Approximately, $50,000,000 has been allocated for capital development. Some $23,000,000 will come from debt financing while $27,000,000 will come from recurrent balances.

Major works during this budget cycle are to include expansion of the T.B. Lettsome Airport runway and the Cruise Pier, major sewerage works, construction of the Iris O’Neal Clinic on Virgin Gorda, East End Fat Hogs Bay harbour development, construction of a much needed Adina Donovan Home at Spooner Estate along with extensive repairs on all major roads on Tortola and Virgin Gorda as well as Anegada and Jost Van Dyke.

Other areas that have been allocated funding are goods and services, employee compensation, the construction of a Fishing Complex on Anegada and urban development. Statutory Boards and other Government owned companies such as BVI Tourist Board, Health Services Authority and BVI Airports Authority will also see grant-related funding for the year 2014.

Additionally, funds have been appropriated for the completion of a technical vocational school, as well as much needed works to the Elmore Stoutt High School. Provision has also been made for an embryonic social housing programme via the ministry of health and social development.

The 2014 Appropriation Bill, commonly known as the budget, debate takes place over a two-day period at the House of Assembly Chambers.

Following the debate, members are expected to vote on the passage of the Appropriation Bill, 2014. Thereafter, the minister of finance will sign a warrant authorising the accountant general to spend monies contained in the Appropriation Act 2014.
Reads: 2091

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Enter Code

Please note that, if you are using an AT&T domain email address, e.g.,,, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

The Caribbean Writer 2014

Other Headlines:

Regional Sports: