Argyle International Airport To Bring Economic Benefits Says IMF Report

The Argyle International Airport set to open on the 14th of February on the island of St Vincent,  would bring many economic Benefits for the Southern Caribbean Nation.

The International Monetary Fund in a 2016 report said the new airport is expected to sustain the near-and medium-term economic growth.

Real GDP is projected to expand and reach 3.1 percent over the medium-term,  as greater airlift capacity would boost tourist arrivals, the report stated.

Construction expansion is expected to bolster the development of the tourism infrastructure on the island.

The report further stated, that another added benefit to the economy would be the gradual narrowing of the current account deficit,  as tourism inflows increase.

Operations at the E.T Joshua Airport would cease at midnight on the 14th of February 2017.

The first commercial flight originating from the Argyle International Airport would depart at 6.45am for Barbados via Liat.

By News784

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