With a 30 percent ownership in Christophe Harbour, SIDF chairperson says the yacht marina gives birth to a new industry

BASSETERRE, ST. KITTS, JULY 22ND 2014 (CUOPM) – The recent ground breaking for the construction of the super yacht marina at Christophe Harbour on the South East Peninsula marks the start of another key phase of the project, as the marina will place St. Kitts in a significantly better position to compete as a tourist destination, specifically, a yachting haven.

Chairperson of the SIDF Board of Councillors, Mrs. Hermia Morton-Anthony
Chairperson of the SIDF Board of Councillors, Mrs. Hermia Morton-Anthony

“Marinas that are popular are ones with yacht capacity, abundance of marina services and amenities, beautiful tropical scenery and access to the main town/capital. The Christophe Harbour Marina will have all of those features and more. Equally significant, we are in the throes of birthing a yachting industry in St. Kitts and Nevis,” said Mrs. Hermia Morton-Anthony, Chairperson of the Sugar Industry Diversification Foundation (SIDF).

She said the progress that has been achieved to date is gratifying since the SIDF acquired a stake in Christophe Harbour.

“As part owner with representation on the Board of Directors, SIDF will be instrumental in ensuring that the development remains focused on achieving the long-term developmental objectives of the Federation while providing many additional economic spin-off benefits. We are excited about the start of the first phase of the marina development, and expect that all other phases will progress to completion on schedule,” said Mrs. Morton-Anthony.

She said the acquisition of a stake in Christophe Harbour by the SIDF gives the people of the Federation a stake in a major real estate tourism project and that the development would progress in a manner that is consistent with the long-term developmental goals of the Federation.

“SIDF was established as an agent to accelerate the transition from an economy with an agrarian bias to a diversified, service oriented economy. With tourism as the main catalyst of economic growth, SIDF directed much of its resources to expanding that key sector,” said the SIDF chairperson.

She pointed that SIDF’s investment of US$16 million represents 30% equity in Christophe Harbour.

“It is an indication of the confidence of the Board of Councillors and the Government that Christophe Harbour has strong potential to enhance the quality of the tourism product, and attract high-end visitors as well as local and foreign investors, thus creating many economic benefits for the People of the Federation.

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