Allen Chastanet Signs Billion-Dollar Agreement!
Prime Minister Allen Chastanet announced yesterday that his government has inked an agreement with DSH Caribbean Star Limited that will result in a US$2.6 billion development comprising villas, apartments, a marina, a race course, a resort, shopping complex, casino and several other leisure facilities.
To be called “The Pearl of the Caribbean,” the project will be constructed on seven hundred acres of Soufriere land. It is anticipated that it will generate during its initial phase of construction some eight hundred jobs.
The prime minister expressed his government’s determination to take the lead in the development of a new industry of horses that is expected to create tourism and entertainment alternatives and full-time employment for hundreds of Saint Lucians.
On completion of the project, said Prime Minister Chastanet, over one thousand racehorses will be accommodated with housing. He said the ultimate ambition was to make Saint Lucia the entertainment centre of the Caribbean. The anticipated international interest in the sport of horse-racing will attract to Saint Lucia a new and diverse audience.
“The government feels satisfied this investment will be a key driver in our quest for new investments for the south of the island,” Chastanet added.
Also attending yesterday’s signing was a representative of Trim’s Riding Stables. He said: “Everyone knows Trim’s, thanks to my dad’s dedication to horse-racing. It is also my passion. It has always been a family dream that one day Saint Lucia would have horse-racing facilities on a par with the best in the world!”
Left to right (seated): Choiseul MP Bradley Felix, Prime Minister Allen Chastanet, DSH Caribbean Star Chairman Teo Ah King and Mr. Chee Choy.