Fri 15th Nov 2019
Retired British Royal Air Force Engineer Warrant Officer Ivan Bertie O’Neal BSc (hons) MSc, MBA, Leader of SVG Green Party, very strongly contends that SVG’s six airports are an economic growth illusion. The airports were built with the promise of jobs and prosperity to our people. However, the net revenue for each airport is not to pay their respective light bills.
This lack of planning has been a disaster for SVG and a significant opportunity cost to the Black Poor and Powerless Population of SVG.
Warrant Officer Ivan Bertie O’Neal, who spent three years full-time reading for his BSc (hons) in Accounting and Finance and Economics at Oxford Brookes University, England, strongly believes that there should have been a Cost Benefit Analysis for each airport, to determine the net revenue and multiplier effect in terms of actual Financial growth for our people and our country.
Building the Argyle Airport was a huge financial mistake, in that, Argyle Airport could never bring prosperity to our people and country. There was no need to build Argyle Airport before building a Science and Technology University the University or a tuna fishing and canning industry or agro-processing export factories.
All of these industries would have provided a significant rate of return in terms driving Economic and long-term prosperity for our people and our country.
Haiti built an international airport in 1965 under the false assumption that tourism would bring prosperity to Haiti. 54 years later, Haiti is still rated as one of the poorest in the World.
According to Warrant Officer Ivan Bertie O’Neal BSc (hons), MSc, MBA Argyle airport is growth illusion and a long-term financial liability to our people and to our country.
The rate of net return from investment in tourism in SVG is worse than zero. Tourism could never be the engine of SVG Economy, thus tourism is a growth illusion. Our country has over ten thousand square miles of sea, yet the incompetent policy makers give away sea space to Taiwan and other foreigners.
They have mashed up our living environment by building six Airports that have a zero rate of net return to the SVG Treasury. This is mindboggling.
Tourism could never bring prosperity to Haiti, and equally so, Tourism could never bring prosperity to SVG. Take a deep and serious analysis of Kingstown and you can see as a nation we continue day by day to fall behind the rest of the World in our nation building.
Within five years of independence from the UK, Singapore built four Universities, ten Polytechnics and focused nation building on free high quality education from Pre-School to University, with priority on a knowledge-based Economy. That vision has propelled Singapore into a World Bank Success Story with one of the highest standards of living in the world.
A Green Government would focus on a knowledge -based economy with a fair tax system, high employment creation and a high priority given to dismantling White Enclaves which are a significant obstacle to long term development for our children and great grandchildren.