Invest Saint Lucia Starts Work On La Fargue Development
In an official groundbreaking ceremony for Invest Saint Luciaโs La Fargue Development, Chairman Pinkley Francis declared, โToday we see the culmination of a promise. A promise made by Invest Saint Lucia in 2019 to make owning a piece of Saint Lucia more accessible to her people and creating 600 new landowners at various locations around the island!โ The Chairman continued his opening remarks, โI am proud that we are able to mark this groundbreaking here in La Fargue with my fellow Choiseulians by delivering 114 of those land plots.โ The La Fargue Development in Choiseul is the agencyโs latest land project. Initially, infrastructural works were supposed to be completed in the first quarter of 2020, but when the impact of the global pandemic continued to unravel, plans came to a halt. However, on August 5, 2020, Invest Saint Lucia was able to announce the developmentโs resumption. This prime property location shares views of the calm waters of either the Caribbean Sea or the peak of Gros Piton. The La Fargue Development will offer both residential and commercial use lots and runs along approximately 28.4 acres of flat land and comprises 114 lots ranging in size from 4,193 to 26,000 square feet. It will be completed in four phases, and three contractors from the Choiseul area are currently employed on the project.
Minister for Investment and Member of Parliament for Choiseul, Honourable Bradly Felix also shared his elation on the beginning of this project. โLand ownership has a key role to play in changing the economic standing of a country and my government, through Invest Saint Lucia, is proud to be able to lead the way forward,โ he said. Speaking to his fellow Cabinet colleagues, representatives from all over Choiseul and other organisations, the minister outlined the predicted outcomes for this large-scale development.
โFirstly, the 114 lots available in La Fargue are 114 opportunities for Saint Lucians, especially Choiseulians, to gain collateral. Land ownership will empower the people of Choiseul to approach financial institutions and to have an advantage towards bigger and more profitable individual investments.
โThis development would increase employment and job creation in the long, medium and short termโฆand this development will indirectly contribute to increasing the standard of living in Choiseul,โ Minister Felix said. He also thanked Invest Saint Lucia for being resilient and โsteering through this pandemicโ.
Prime Minister Allen Chastanet and Minister Guy Joseph also applauded Invest Saint Lucia for adding to the beauty of the Choiseul community and contributing to the constituencyโs economic development. The prime minister spoke about his governmentโs plans for developing the islandโs south and predicted that โVieux Fort to Soufriere will become the golden coast of Saint Luciaโ and it will become the most valuable land in the country.
Invest Saint Lucia is currently working on two other land developments; one in Bois Jolie, Dennery and the other in Beauchamp, Micoud. To promote economic equality across the population, the agency is working towards the earlier mentioned 600 new landowners through development and land rationalisation.
