More CDF Funding for Argyle Airport

Stone Crushing Plant located on site         The first kilometer of the Runway

The Argyle International Airport continues to benefit from loan funding from the CARICOM Development Fund (CDF).

In May 2011, the Argyle International Airport was the recipient of 4.2 million US dollars in loan and grants from the CDF. This earlier loan was used to procure a Stone Crushing Plant, Quarry and base laying equipment which included; five Dump Trucks, A Paver, two Rock Trucks, two Front End Loaders, Rock Hammer and the Airfield lighting system and generators.

On October 9th the Government of St. Vincent and the Grenadines was notified that the CDF has approved a second loan for the Argyle International Airport to the tune of eight million eight hundred and seven thousand four hundred Eastern Caribbean Dollars  (EC$8,807,400.00).

According to the CDF the approved financing is in support of the national development objectives of the Government of St. Vincent and the Grenadines as well as the mandate of the CDF relating to the reduction of disparity among member states of CARICOM.

The money is to be used for the purchasing of equipment for the paving works and laboratory testing.

The International Airport Development Company (IADC) is pleased that the CDF continues to show confidence in the Argyle Airport project and the potential it holds for the overall development of St. Vincent and the Grenadines.

                                 

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