Budget 2020: Sando waterfront project to create jobs
Photo: Harris Promenade, San Fernando via UDeCOTT.
The billion-dollar San Fernando Waterfront Redevelopment Project will generate jobs for residents in the City and environs.
Giving an update on the long-awaited redevelopment project, Finance Minister Colm Imbert said the project is advancing.
He made the statement as he presented the 2020 Budget in the Parliament on Monday.
The project is one of the largest regeneration projects to be undertaken, with the aim of enhancing the economic, social and cultural vitality of San Fernando and its environs.
“The San Fernando Waterfront Project is advancing with the process in train for securing a public-private partnership which will be responsible for undertaking the work aimed at reviving the economic vitality of the City of San Fernando and environs.”
“Upon completion, at a cost of $1 billion, the area will become the commercial core of the city of San Fernando with the increased opportunities for income-generating activities as well as improved living conditions,” Imbert stated.
“The surrounding communities including Hatter’s Bay, Embacadere, Vistabella, and Marabella will benefit from short, medium-term and long-term employment during the project lifecycle,” the Finance Minister added.
The long-overdue transformative project includes opportunities for international and local tourism, expansion of the business sector, improved transportation facilities, development of leisure facilities, increased family-oriented spaces and activities, as well as the preservation of historical assets.