Allen Chas­tanet Signs Bil­lion-Dol­lar Agree­ment!

The Star (St. Lucia) - - LOCAL -

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.

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