Nevis: Premier of Nevis and the leader of Concerned Citizens Movement Mark Brantley outlined that the construction sector in Nevis is witnessing huge growth after the period of the COVID-19 pandemic.
He stated that as the country recovered from the Covid-19 pandemic, the CCM-led NIA has designed policies to stimulate the construction sector leading to a boom in construction activity on Nevis.
Under our COVID recovery policy, all construction with materials valued over EC$30,000 benefits from exemptions from Customs Duties and Customs Service Charge.
Shedding light upon the employment situation, Premier Mark Brantley exclaimed that yesterday the country saw some welcomed job numbers from official Social Security data for Nevis, which showed that the number of employees in Nevis grew 2.9%, the number of jobs grew by 4.9%, gross monthly wages grew by 7.3% and gross monthly wages per employee grew by 4.3% over the period January to March 2022.
To date the Ministry of Finance has processed some 90 applications under this policy. For January to June 2022 some 103 new building permits were approved by the Department of Physical Planning. In addition, there were 98 new construction start ups for the period January to May 2022 consisting of 74 new properties and 24 renovations to existing properties.
There are currently 166 active construction sites on the island of Nevis.
This is certainly one of the policy prescriptions designed by the NIA Cabinet which has worked beautifully.
The policy was to end on June 30, 2022 but as a consequence of the tremendous success thus far, the Cabinet has determined that it be extended for another 6 months from July 1 to December 31, 2022. We invite all those thinking of building or renovating to take full advantage of this policy.
For Mark Brantley, “This is an excellent example of what happens when we ignore the noise and focus on developing our island and our people.”