Beautiful Virgin Islands

Wednesday, Apr 01, 2026

Cruise industry critical for repaying BVIPA's $50M loan- Hon Fahie

Cruise industry critical for repaying BVIPA's $50M loan- Hon Fahie

Premier and Minister of Finance Honourable Andrew A. Fahie (R1) has said that the time is now for the people of the Virgin Islands to decide on the amount of risk that they are willing to accept and allow in the face of mounting debt and low revenue brought on by COVID-19 over the last year and a half.

Premier Fahie was referring to the British Virgin Islands Port Authority (BVIPA)’s debt for the construction of the C. B. Romney Tortola Pier Park project and the general economy of the territory.

“If we miss this industry this year and next year, somebody has to finance the Port’s loan that they had long before I reach, about $50 million I think it is now. Somebody has to find that money and not just for the loan; we are not talking about the rest money that is needed to keep people employed. So this is not something for persons to get emotional about,” he told taxi and tour operators on Tuesday, August 31, 2021, during an emergency meeting at the H. Lavity Stoutt Community College in Paraquita Bay.

The meeting was to determine the way forward with the cruise industry and to gauge how stakeholders felt about the territory allowing cruise passengers who have been fully inoculated to enter without being tested for the deadly virus.

The cruise industry has made their position clear that they won't be making calls to the Virgin Islands if that protocol is not relaxed and choose other destinations with fewer protocols.

Following the meeting, the government has to make a decision that must be relayed to the cruise industry by today, Thursday, September 2, 2021.

Premier and Minister of Finance Honourable Andrew A. Fahie (R1) has said that the time is now for the people of the Virgin Islands to decide on the amount of risk that they are willing to accept and allow in the face of mounting debt and low revenue brought on by COVID-19 over the last year and a half.


We need money


“We can’t keep shutting down every time something happens we are going to be stone-cold broke because all the revenue generators are down and while, I don’t want to say it to saying that I am insensitive to COVID-19, but we have to decide how we are going to balance this,” Premier stated.

He said the risk of contracting COVID-19 from carriers on cruise ships are smaller given the timeframe that the cruise passengers are going to be on the ground.

Tourism has been severely impacted for the past year and a half because of the ongoing COVID-19 pandemic.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Australia Joins British-Led Efforts to Reopen Strait of Hormuz Amid Escalating Tensions
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
UK Housing Divide Deepens as Older Owners Hold Wealth While Under-30s Face Mounting Barriers
London Demonstration Calls on UK to Recognize Iranian Opposition’s Provisional Government
UK Green Party Vote on ‘Zionism is Racism’ Motion Collapses Amid Internal Disputes and Technical Failures
SNL UK Ignites Debate with Sharp Royal Satire Targeting Prince Andrew and Prince William
EU Proposes ‘Emergency Brake’ to Resolve Deadlock in UK Youth Mobility Talks
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
×