Barbuda project for US $250 million - Stanhope Shepherd

Barbuda project for US $250 million

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ST JOHN’S, Antigua – Barbuda is in line for a 250 million US dollar development project. Prime Minister Gaston Browne made the announcement during his Independence Day message to mark Antigua & Barbuda’s 33rd birthday.

Browne said the luxury for high network tourists will be developed by a renowned American celebrity and an Australian billionaire.

“Our government pledged to treat Barbuda and Barbudans as our co-equals and we will ensure that Barbuda is developed con-currently with Antigua. This 250 million United States dollars investment project will change the economic landscape of Barbuda for the better, providing investment opportunities and hundreds of sustainable jobs for Barbudans,” Browne said.

“These and several other smaller properties will break ground in 2015, stimulating economic growth and development, thereby reversing the many years of economic misfortune.”

The project on Barbuda is among the more than three billion US dollars in investment projects approved by the government.

Meantime, Browne said over six million dollars will be spent to turn the Antigua State College into the country’s newest secondary school. The PM said work is expected to begin within the next two months.

In his Independence Day message Browne boasted of his administration’s achievements after only four months in office.

But when he addressed the nation, Opposition Leader Baldwin Spencer said the new ruling Antigua & Barbuda Labour Party government has promised much and delivered very little.

He also lamented on what he described as an atmosphere of discontentment and uncertain in Antigua & Barbuda.

“The society is clearly on edge, particularly in light of what has transpired by the government’s actions, reactions and in-actions, which have led to a more divided country and a politically charged atmosphere,” Spencer said.

“The spate of political victimisation, discrimination and marginalisation which has attended the change of government does not bode well for giving credence and true meaning to the theme of this year’s celebrations.”

Antigua & Barbuda attained political Independence from Britain on November 1, 1981

Stanhope Shepherd

The principal purpose of Stanhope Shepherd is the development of residential tourism real estate products across the Caribbean, with our primary focus on the twin island state of Antigua and Barbuda. We are a citizenship by investment developer which means that buyers of properties at Harbour Island Residence can qualify for a passport under the Citizenship By Investment Program in Antigua and Barbuda. This citizenship real estate purchase will give the buyer access to a passport.