A Special ExCo meeting was convened this morning to discuss potential customs exemptions for the new hotel construction project on Main Street.
Following LegCo’s support for the funding of the hotel, SHG has now transferred the buildings to St Helena Hotel Development Ltd (SHHD) to allow works to commence on the project.
SHHD has requested an exemption from Customs Duty for materials and equipment imported for the project. Council recognised that the project is of significant importance to St Helena, and also that the nature and size of the project met the policy intention in respect of investment principles and the likely benefits to the local economy. Council approved the exemption in this case and was keen to ensure that policy in this important area is applied consistently.
5 July 2016