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Taiwan to provide funds for Argyle International Airport

Taiwan to provide funds for Argyle International Airport

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Last September 2005 when President Chen Shui-Bian of Taiwan visited St. Vincent and the Grenadines, he made a promise to assist with the construction of the international airport at Argyle.

Returning home from Taiwan in June 2006, Prime Minister Dr. Ralph Gonsalves expressed that he was elated; as he described his trip to the Asian country as “extremely successful”. {{more}}

He had received specific information as to what help the Taiwan would be giving St. Vincent and the Grenadines with the construction of its international airport.

Among his central achievements announced at a press conference on Friday, June 16, was the signing of a memorandum of understanding between the governments of the Taiwan and St.Vincent and the Grenadines concerning the international airport at Argyle.

The memorandum read that the Asian country agreed to provide a grant of US$15 million, and make available a soft loan of US$10 million to the government of St.Vincent and the Grenadines for building the roads, support systems, terminal building and control tower of the Argyle International Airport.

It added: “Any request for additional assistance for the project will be afforded favourable consideration in further discussions.”

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