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CDF PLEASED WITH DEVELOPMENT OF NEW ARGYLE INTERNATIONAL AIRPORT

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A section of the expansive stretch that has been cleared to accommodate the runway for the Argyle International Airport in St. Vincent and the Grenadines.

Friday, October 26, 2012 – (Bridgetown, Barbados, Press Release Al-Hart PR Inc.): CEO of the Barbados-based CARICOM Development Fund (CDF), Ambassador Lorne McDonnough, is pleased with the pace and quality of development of the new EC$240 million Argyle International Airport in St. Vincent and the Grenadines (SVG).

McDonnough, accompanied by his Director of Regional Development Lennox Forte, gave the project thumbs up during a recent visit to the 175-acre site, following approval by CDF’s Board of Directors of a second loan of EC$8.8 million to International Airport Development Company (IADC), the wholly government-owned limited liability company responsible for the development.  The initial input was EC$11.2 million in loan and grants in May 2011.

IADC’s chairman and CEO Dr. Rudolph Matthias, Consultant Engineer Leonardo Perez and Chief Project Engineer Jeffrey Cato gave the CDF party detailed reports on the progress of the development, followed by a drive-through of the sprawling site.


The Argyle International Airport terminal.

Work on the Argyle International Airport began in 2008 and is set for completion by September 2013. It will feature a 9,000ft. long by 150ft. wide runway capable of accommodating commercial jets as large as Boeing 747s and 400s and a 145,000 sq. ft. terminal building. This will comprise three main floor areas, namely an 85,000 sq. ft. ground floor, a 40,000 sq. ft. first floor and a 10,000 sq. ft. mezzanine floor. A fourth-floor semi-covered roof patio will be used for future expansion of the departure area if traffic demands.

The building, which is also designed to accommodate air bridges, will be about six times the size of that of the country’s existing ET Joshua Airport at Arnos Vale and will actually be two separate terminals under one roof. One will be for processing international and regional flights and the other for domestic flights to and from four other small airports in the Grenadines.

The CDF officials also inspected the stone crushing plant, quarry and base laying equipment which includes five dump trucks, a paver, two rock trucks, two front end loaders and a rock hammer procured by IADC with the first loan and grants. The additional loan will be used to buy equipment for the paving works and laboratory testing.

Ambassador McDonnough said afterward: “I do not think many people in the Caribbean truly understand the magnitude of what is being accomplished here.  I am really impressed with the progress that has been made.  It’s truly impressive and I am very happy that CDF has been able to assist this massive undertaking in our own very small way.”


CDF and IADC officials discussing the development prior to the drive through of the site of the Argyle International Airport.

When completed, the Argyle International will fully replace the existing E.T. Joshua Airport and increase passenger capacity by almost four times. Dr. Matthias noted that IADC was pleased with CDF’s continued show of confidence in the project and its potential for the overall development of St. Vincent and the Grenadines.  “It is also good to see CDF’s responsiveness to the project as it will benefit the country and the region in many aspects including export and intraregional travel, among other things,” he said.



Image gallery
Some of the equipment that was procured by the International Airport Development Company (IADC) with loan and grants from the CARICOM Development Fund (CDF). CEO of the Barbados-based CARICOM Development Fund (CDF), Ambassador Lorne McDonnough, inspects one of the CDF-funded trucks being used in the construction of the Argyle International Airport in St. Vincent and the Grenadines. Ambassador McDonnough being interviewed by Jennifer Richardson-Herbert during the tour of the EC$240 million Argyle International Airport in St. Vincent and the Grenadines. Centre is the International Airport Development Company’s (IADC) chairman and CEO Ambassador McDonnough, Consultant Engineer Leonardo Perez and Civil Engineer Aluko Dublin discussing the Argyle International Airport during the site tour of the development. The Argyle International Airport terminal.


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