British Virgin Islands

Sunday, Nov 29, 2020

BVIPA sees 37% boost in revenue this year

BVIPA sees 37% boost in revenue this year

The BVI Port Authority has seen a nearly 40 per cent revenue boost in 2019. This is according to the 2020 Standing Finance Committee (SFC) Report, which states that revenue collected from January to October 2019 was $15,419,787, compared to 2018, which saw $9,412,852 for the same period.
“This represents an approximate increase of 39 percent in revenue collection,” the report indicated.

Acting Managing Director, the Ports Authority Oleanvine Maynard said the organisation still continues to perform well.

She stated: “Even after the devastating damages received to all of its facilities inclusive of its administration building in the 2017 hurricanes, just over two years later some significant milestones have been made.”

Maynard pointed to the restoration of the Cyril B Romney Tortola Pier Park and the Road Town Ferry Terminal as prime examples.

In the meantime, the SFC report said smart strategies would be utilised throughout the organisation in the new year.

This will be done to ensure that the BVIPA meets its goal of providing efficient, customer-friendly, quality service to both internal and external customers while implementing the various services to meet the needs of all its clients and customers starting January 1, 2020.
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