Prime Minister Douglas predicting economic lift from CPL matches
BASSETERRE, ST. KITTS, CMC- Prime Minister Dr. Denzil Douglas says his country’s hosting of matches in the Caribbean Premier League (CPL) will result in millions in earnings for the Federation of St.Kitts and Nevis.
Warner Park was the venue for the final stage of the CPL, hosting nine matches including the semi-finals and finals.
Prime Minister Douglas pointed to studies done by the University of the West Indies (UWI) highlighting the economic impact of the CPL on countries which hosted matches last year.
“We now know that the impact in Guyana was US$4 million, St. Lucia, US$7.3 million, Antigua & Barbuda, US$7.4 million, Barbados, US$9 million, Jamaica US$10.7 million and Trinidad & Tobago US$12.9 million,” Dr. Douglas explained.
“I am certain that an assessment of the economic impact of CPL 2014 in St. Kitts and Nevis will be produced by them in the not too distant future”.
Speaking at the fourth in the series of “Conversations for Progress,” the Prime Minister indicated that he was eagerly anticipating a new UWI study highlighting the economic impact of the CPL match on St. Kitts and Nevis.
“I am certain that an assessment of the economic impact of CPL 2014 in St. Kitts and Nevis will be produced by them in the not too distant future,” said Dr. Douglas,
“The number of persons, all around the globe, who were either introduced to St. Kitts and Nevis, or were re-introduced to the Federation, as a result of the six days of international coverage, was therefore also another advantage of tremendous value”.