Construction stimulus to be officially launched

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Tuesday, 14th August, 2012 – On Tuesday, August 21, 2012, Prime Minister and the Minister for Finance, Hon. Dr. Kenny D. Anthony will officially launch the much anticipated Construction Stimulus Programme which takes effect in August 2012 and ends in February 2014.

This Programme is spearheaded by the Government of Saint Lucia, and implemented in conjunction with the private sector, and is a direct and immediate response to the lethargic economic environment currently being experienced largely as a result of the global financial situation.

After months of consultation and preparatory work, Government is confident that the various partners in the roll out of this Programme such as the St. Lucia Chamber of Commerce, St. Lucia Bankers Association, Customs Department and other Government Agencies will be ready to offer the public the benefits of reduced prices on all basic building materials, reduced fees associated with new mortgages for residential and commercial construction, and soft financing for these projects.

More details on this Programme and the benefits to the average consumer will be provided on the launch date next Tuesday.

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