English Harbour may soon become a duty-free zone to attract more investment in the yachting sector.
Prime Minister Gaston Browne recently indicated this plan aims to drive economic growth and complement other sector developments.
“We’re revamping our yachting program and examining ancillary services to enhance the sector. I’ve asked Senator Philip Shoul, Chairman of the National Parks, to bring stakeholders together for a consultation in the coming weeks,” Browne said.
Transforming English Harbour into a duty-free zone is expected to increase its profile, retain boats year-round, and provide full-time employment in the area.
Browne also mentioned discussions with other ministers and the Director of the National Parks about a maintenance program to reinforce the wharf wall and upgrade Shirley’s Heights.
They are considering borrowing $30 million from commercial banks, combined with an existing $10 million, to invest $40 million in these enhancements.
