MONTREAL MANAGEMENT SAYS IT WILL SHUT DOWN CONSTRUCTION ON DOMINICA'S NEW INTERNATIONAL AIRPORT SOON IF GOVERNMENT DOESN'T PAY CONSTRUCTION COSTS NOW IN DEFAULT, WHICH COME SOLELY FROM CBI REVENUE

Will this airport never be built?

In an interview on local Caribbean media, CAL MURAD, the Project Director of MMC Development, bluntly stated that, if Dominica fails to make the agreed payment, the entire project will be "SUSPENDED" in August or September. He pointed out that the figure is less than one half of what is actually owed under the contract. Civil litigation, filed by MMCE was reportedly paused and settled by the parties, but is now active again, according to multiple reports, and MMCE public statements, although there appears to be an active PR campaign to downplay the financial situation.

The funding that Dominica is using to pay for the airport is coming 100% from the CBI (Citizenship by Investment) economic passport program, and given the opaque nature of how the government reveals details of the program's operation, especially regarding statements of Prime Minister ROOSEVELT SKERRIT, we are unable to determine whether there is sufficient incoming revenue to pay the airport costs, or whether this is a negotiation ploy by Dominica to secure a more favourable arrangement with Montreal Management. We will continue to monitor unfolding developments as they occur.