St. Vincent PM Gonsalves calls for private sector investment in regional fast ferry service
May 30, 2013
KINGSTOWN, St. Vincent, CMC -- Prime Minister Dr. Ralph Gonsalves says implementing a fast ferry service in the southern Caribbean is a risk the private sector must take, with government assistance.
“This is not as easy as some people think. It is a lot of money which is involved. In fact, the reason why you haven’t had it, despite all sort of efforts, is because it is a difficult proposition,” Gonsalves said at the 43rd special meeting of the Council for Trade and Economic Development (COTED) that ended here late on Wednesday.
But Gonsalves, who has lead responsibility for transportation in the Caribbean Community (CARICOM), said that regional governments can help private investors by offering them various concessions.
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