Beautiful Virgin Islands

Monday, May 18, 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
'They're people from all walks of life across the UK'
EU Digital ID Claims Misstate What Brussels Can Legally Force on Member States
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
×