Prime Minister Dr. Ralph Gonsalves says a major investor has been contacted, in relation to developing land at Chatham Bay in Union Island.
The move was made, after the Government of St. Vincent and the Grenadines received the green light to take possession of the land, following a court battle lasting close to eight years.
The Prime Minister disclosed at a News Conference this week that the lands have been forfeited to the Government of St. Vincent and the Grenadines, by way of operation of the law, through the Alien Land Holding Regulation Act.
He said the law was supported by Judgments of the High Court, the Court of Appeal and a Consent Order of the Privy Council, dated November 14th, 2013.
Dr. Gonsalves said the Government will be taking steps to develop the land. He also said the Government is interested in partnering with local Hoteliers to establish properties in other areas.