US $65 Million Tourism Project for Soufriere

Contact: Julita Peter

Friday, September 21, 2001 – A  sixty-five (US$65,000,000.00) Million US Dollar agreement was signed  signalling the commencement of work on “The Soufriere South Bay Development.”  The agreement was signed Thursday September 20, 2001  between the Government of St. Lucia and a St. Lucian company, Donald Monplasir and Co. Ltd which has assembled an investment group, interested in constructing and operating tourism related infrastructure in Soufriere.

The project  includes the construction of a marina and quay in the vicinity of Baron’s drive, a condominium complex and a 120-room hotel.

The project is just one of several approved projects by the Government of St. Lucia as it continues to facilitate and support the development of the island’s tourism industry.  

Prime Minister Hon. Dr. Kenny Anthony during Thursday’s signing said he is quite pleased with the project, an idea that was conceptualised about four years ago by Monplasir and Co. Ltd. 

“This is a powerful vote of confidence in the future of St. Lucia and the future of Tourism. And I want to underscore another aspect that is equally important. The fact that this project successfully brings together several investors including His Royal Highness Prince Hosam including French investors, this government never refuses the opportunity to express its pleasure with French investors and we have very hard to strengthen the bonds of friendships between St. Luca and France,” he added. 

Parliamentary Representative for Soufriere Hon. Dr. Walter François says he is heartened over the number of jobs that will be generated through this project, which has received the blessings of residents. 

“We have been told on many, many occasions that this area will be developed but we have never seen a proposal as tangible, as likely to be implemented as this one. And I think the people of Soufriere will participate and will support the project whole-heartedly,” said Dr. François.

The Developers have agreed that the project will reflect the architectural history and tradition of Soufriere, offer a mix of commercial and recreational amenities, and will diversify and enhance the island’s tourism product.

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