The government of Taiwan has approved an application by the Government of St. Vincent and the Grenadines for a US $50 million soft loan, to go towards the construction of a 250-room hotel at Mount Wynne.

The government intends to build the hotel, however it will engage a company with a global brand to market and manage it.

Speaking on Thursday June 7th 2018 on the Shakeup program aired here on WEFM, Prime Minister Dr. Ralph Gonsalves said he was informed on Tuesday of this week, by the Taiwanese Embassy here about the approval of the loan.

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