Earlier this month, Prime Minister of Dominica, Roosevelt Skerrit, announced that his government was placing the construction of the Caribbean island’s new and much-anticipated international airport as its number one priority, with the aim of putting Dominica firmly on the global map.
And to make this priority happen, the government is “redirecting a lot of state resources in terms of human resources, engineers and surveyors to the project”, he announced.
The new international airport, which is being constructed in order to benefit frequent regular international airline use, is part of the government’s long-term vision for the country and is the country’s now “only missing link”, stated Prime Minister Skerrit.
According to PM Skerrit, everything else is planned and in place, including “the hotels under construction and opening, a resurgence in agriculture and agriculture expansion, our programme to construct a new cruise village and a new port, [and] improvement in our infrastructure [and] health facilities.”
Funding of Dominica’s international airport
This new international airport, which is partly being funded by revenues made from the country’s highly successful and profitable citizenship by investment programme (the government has been saving US$5 million from its CIP every month over the last few years), continues to make good progress, announced PM Skerrit at the recently-held budget address for the 2020/2021 fiscal year.
According to Caribbean News Global, PM Skerrit announced: “We have completed the necessary property surveys, and Cabinet has approved for the acquisition of 213 properties required for the airport construction, of which 47 are farms. The total market value of these properties is estimated at $50.7 million. Negotiations have been completed with 25 property owners. The government will begin to make payments to the property and farmers in August 2020. Geotechnical surveys will be undertaken by September 2020.”
As well as revenues from Dominica’s citizenship by investment programme helping to fund the construction of the airport, the country has secured financing from China, it was revealed in November last year. And while the project had been delayed due to the pandemic, China’s government last month announced a commitment to resume preparation works on Dominica’s international airport once the Covid-19 pandemic is over, according to Dominica News online.
This much-anticipated international airport will, say the government, put Dominica on the global map as an upmarket eco tourism destination. The country has transformed at a huge pace, especially since the damage caused by Hurricane Maria in 2017, thanks to the funding secured via the country’s citizenship by investment programme.
“Every bridge that we have fixed, every home that we have assisted, every school we have fixed, funds came from the government of Dominica utilising the Citizenship by Investment Programme,” said PM Skerrit.
Dominica’s citizenship by investment programme
Unveiled in 1993, Dominica’s CIP is not only one of the most established in the industry, but in recent years has been considered to be one of the best in the industry. It is also known for being one of the world’s most efficient and transparent options for economic citizenship and plays a major role in promoting social and environmental causes, and especially that of sustainable development.
Offering one of the fastest processing times in citizenship, typically under two months. Dominica also offers the most affordable citizenship with its Donation option of US$100,000, though applicants can instead invest in property if they wish and there are plenty of government-approved CBI property investments to take advantage of.
Recently, a series of amendments were introduced, making it easier for applicants to include their extended families in the application.
Add to this the fact that the country’s lush vegetation and investment in clean energy positions it as one of the best Caribbean nations for life expectancy and quality of life.