In a recent meeting with members of the 31st Legislature, the Virgin Islands Port Authority (VIPA) Board announced a number of capital projects and facility upgrades the authority has planned for fiscal year 2015.<\/p>\n
Port Authority Executive Director Carlton Dowe said upgrades are expected to begin at the Gallows Bay Marine Terminal, development of a paid parking facility in Cruz Bay, and construction of a U.S. Customs and Border Protection facility at Red Hook’s Urman Victor Fredericks Marine Terminal.<\/p>\n
Dowe also said there is planned expansions for both the St. Croix and St. Thomas airports, costing $70 million and $30 million, respectively.<\/p>\n
VIPA, a semi-autonomous government agency, proposed a budget of roughly $40 million for the planned capital improvements. Officials say they expect the budget to total nearly $133 million over the next five years.<\/p>\n
Port Authority officials also say the agency\u00a0had successfully closed on bond financing. It had received $55 million with an interest rate of 3.84 percent, the lowest rate the territory has ever received in bond financing.<\/p>\n
“I want to thank Executive Director Dowe and his staff working collaboratively with my Chief-of-Staff, Jeanine Perez-Santos, for inviting all the senators to discuss the pertinent projects affecting our territory’s ports and gateways,” said Senate President Neville James. “I also want to thank the entire legislative membership for coming together and sharing great ideas during the meeting.”<\/p>\n
All 15 senators attended the meeting, which took place at the Henry E. Rohlsen Airport conference room on St. Croix. VIPA representatives included Chairman Roberto Cintron and Directory of Engineering Dale Gregory, St. Croix Marine Manager John Payne, Engineer Damian Cartwright, and Assistant Executive Director David Mapp.<\/p>\n
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Feature Image:\u00a0Henry E. Rohlsen Airport, St. Croix<\/em><\/p>\n Credit: Henry E. Rohlsen Wikipedia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" In a recent meeting with members of the 31st Legislature, the Virgin Islands Port Authority (VIPA) Board announced a number of capital projects and facility upgrades the authority has planned for fiscal year 2015.<\/p>\n","protected":false},"author":9,"featured_media":18232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,11,854,191,147],"tags":[1231,1234,1233,71,70,1232],"yoast_head":"\n