London Daily

Focus on the big picture.
Friday, Aug 22, 2025

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

0:00
0:00
Close
After 200,000 Orders in 2 Minutes: Xiaomi Accelerates Marketing in Europe
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
MSNBC Rebrands as MS NOW Amid Comcast’s Cable Spin-Off
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
William and Kate Are Moving House – and the New Neighbors Were Evicted
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
Taylor Swift on the Way to the Super Bowl? All the Clues Stirring Up Fans
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Apple Expands Social Media Presence in China With RedNote Account Ahead of iPhone 17 Launch
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Bill Barr Testifies No Evidence Implicated Trump in Epstein Case; DOJ Set to Release Records
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
Emails Worth Billions: How Airlines Generate Huge Profits
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
JPMorgan Plans New Canary Wharf Tower
Zelenskyy and his allies say they will press Trump on security guarantees
Beijing is moving into gold and other assets, diversifying away from the dollar
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
The Drought in Britain and the Strange Request from the Government to Delete Old Emails
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
"No, Thanks": The Mathematical Genius Who Turned Down 1.5 Billion Dollars from Zuckerberg
The surprising hero, the ugly incident, and the criticism despite victory: "Liverpool’s defense exposed in full"
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
×