The section of the Reclamation Site in Kingstown known as Chinatown is expected to get a major facelift as part of a deal the government has signed with Canadian investors.
The agreement relates primarily to the construction of a tourism development in the Mt Wynne-Peter’s Hope area.
The agreement was signed just around Carnival, Prime Minister Ralph Gonsalves said, adding that a few things are to be done within a month.
“It’s a huge investment. The developers, on whom we have done the appropriate due diligence, they will be doing hotel development and also villas. They are doing a golf course with clubhouse.
“The Government of St. Vincent and the Grenadines will retain ownership of the golf course and the club house facilities, but also the management for the hotel, the enterprise will manage it,” Gonsalves said.
“The developers also, as part of the consideration, they have agreed to do a creative arts centre and convention centre right here near to this Financial Complex and a boardwalk and shops, where you have Chinatown, as it is called. We need to do an improvement there. We have a broad plan, which we want to do also for Little Tokyo.”
The Kingstown Bus Terminal, also known as Little Tokyo, which was constructed more than 20 years ago, has been in a state of disrepair.
“All that is part of the fourth term work. We are putting everything in place. Imagine a magnificent boardwalk in front of the city and we give them an option as to whether they will want to build a 40-50 room hotel nearby here in the city,” Gonsalves said.
He said these investments will only come about because the Argyle International Airport is nearing completion.
The airport has missed several completion dates since 2011 and the government says it will be complete by the end of this year.