Prime Minister chastises opposition of having double standards

Prime Minister chastises opposition of having double standards

An investment agreement revealed that the former government gave excessive incentives to a company with no track record of doing business anywhere in the world.

At a House sitting on Feb. 7, Prime Minister Hon. Allen M. Chastanet accused the Opposition party of having double standards.

“I’m being accused that I rushed on the DSH project; that I had one phone conversation, one follow-up letter, and two physical meetings for a project that so far is in excess of $2.5 billion,” he said.

He countered the accusations with a letter penned by the former Prime Minister Dr. Kenny D. Anthony. The letter detailed an agreement between the Government of Saint Lucia and Equator Lands Limited, a company based in the United Kingdom, to acquire and develop 4500 acres of land which included the Le Paradis property.

What was alarming, Mr. Chastanet said, was the short period in which the agreement was entered into, leaving no room for due diligence. Within three months, cabinet members of the former administration had agreed to the company’s proposed investment. The Prime Minister questioned whether the necessary research was done to ensure that the company was in a position to make such investments on the island.

“Lifestyle group PLC, and the other company, Equator Lands, were registered in December of 2015 and January of 2016,” he said, adding that the former administration drafted incentives to the company for a period of 20 years on the condition that they met two requirements. The incentives included the waiver of personal income tax, the waiver of corporation tax, and the exemption of all forms of VAT and import duty during the construction phase.

“Not only do they give them the incentives for 20 years, but should they meet the investment requirements, they will give it for another 20 years. So for 40 years,” Mr. Chastanet said. “You would have thought that after we spent over USD$1 million on the Grynberg matter that we would not have found ourselves in this situation again.”

Prime Minister Chastanet further explained that the former administration had given the UK company the rights to extract and keep all natural resources found during its development of the 4500 acres of land.

He said the agreement should never have been drafted nor agreed upon, and chastised the members of the Opposition for giving away so much to a company that has no track record of doing business anywhere in the world.

14 Comments

  1. Anonymous
    February 14, 2017 at 9:02 am Reply

    who is he to talk when he ignores ministers who have sex photos going viral and he ignored. He needs to look in the mirror or get his eyes and head tested

    1. lubs
      February 14, 2017 at 9:50 am Reply

      This is not the matter. All these bad investment by the SLP THat what matters.

    2. Anonymous
      February 14, 2017 at 10:46 am Reply

      What sex photos have to do with the physical development of the country…?!?!?!….you people are so retarded

  2. Donatien
    February 14, 2017 at 9:08 am Reply

    Now again at the stone throwing by both sides, and they both leave in glass houses. However Mr. PM, does the failure of the previous administration to do due diligence on a given project give you the right now to do the same. Is that a way of payback. ” You did it so now I do it and you complain” This all seems like what you are sating here.

  3. Anon1
    February 14, 2017 at 9:26 am Reply

    Enough with these back and forth insults/accusations in the House.

    You’ll are abusing our House of Parliament using it to accuse each other of corruption knowing full well accusations made in the House can’t be pursued.

    Get on with the business of St Lucia and trying to turn the economy round.

  4. Anonymous
    February 14, 2017 at 9:41 am Reply

    Alll of them are jokers!! All of them doing shate.. is really the better of the 2 evils… I am not moved by either … get on with the business of the country please and thanks

  5. Anonymous
    February 14, 2017 at 9:47 am Reply

    Chastenet a letter and a signed agreement are very different things. Stop talking crap

  6. concern citizen
    February 14, 2017 at 9:50 am Reply

    Couldn’t agreed more

  7. Sad-But-True
    February 14, 2017 at 11:08 am Reply

    Yes Evil Chastanet, the only thing you can do is ‘chastise’. How about learning the House Standing Orders. How about actually governing this island. How about bringing down the unemployment rate, how about ensuring gas prices stay low like you promised. How about firing Ubaldus.
    But you have jaw to talk crap.
    The things that matter, you have no clue.
    Keep on focusing on the SLP.
    You will soon be booted out of office and launch back to your homeland Martinique.

    1. Anonymous
      February 14, 2017 at 1:18 pm Reply

      How about you shut up.
      You would know who focusing on who, since your obsession with Chastanet is beyond belief.
      You have it the other way round. SLP FOCUSES A LOT ON CHASTANET.
      Before the elections, their focus was so much on Chastanet, that the SLP fools were literally on their hands and knees delivering the win to Chastanet. Yes that is what SLP misplaced focus caused. HAHAHAHAHAHAHAHA.
      DEAL WITH IT.

  8. Anonymous
    February 14, 2017 at 12:14 pm Reply

    The labour gooroos are at it again. What you expect. Nothing constructive. But only distructive. All they there for is to fool the uneducated make them feel that they’re for the people of this country. HIGH hiperpetical asses

  9. Anonymous
    February 14, 2017 at 12:39 pm Reply

    You all are desperate to get back in office dream on pal

  10. Anonymous
    February 14, 2017 at 12:58 pm Reply

    Both of the two parties have fail the black people of st lucia for the past 50 years still 95 pecent of the black people are still poor and fo not own a piece of land what we need is a national development plan for the country so what ever goverment comes in power must follow that plan by some new legislation as far as i am concern both of the parties are just a bunch of crap

  11. Anonymous
    February 14, 2017 at 2:31 pm Reply

    Yea Mr prime minister go on with DSH project, it’s a great investment for vfort.

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