The Virgin Islands Recovery and Development Agency (RDA), instrumental in the territory’s recovery from the devastating 2017 hurricanes, is set to become a permanent fixture under the new name Virgin Islands Development Agency (VIDA).
This transition marks a significant shift in the territory’s long-term approach to infrastructure development, disaster recovery, and economic growth.
Premier and Minister of Finance, Dr. the Honourable Natalio Wheatley, announced the formation of VIDA during a press conference on September 30, where he also heralded the approval of a $100 million loan to support continued development. “We are advancing discussions on the transition from the Recovery and Development Agency to the Virgin Islands Development Agency,” said Premier Wheatley, emphasizing that VIDA will spearhead the territory’s development for years to come.
VIDA’s mandate will include the creation of an Infrastructural Development Plan that spans up to 20 years, aiming to provide a cohesive and structured approach to the territory’s growth. The new agency will build upon the RDA’s legacy, which over the past six years has overseen the successful completion of 43 recovery projects, investing over $55 million into the Virgin Islands’ local infrastructure. These projects, a direct response to the devastation caused by Hurricanes Irma and Maria in 2017, have played a critical role in rebuilding and strengthening the territory’s capacity to face future challenges.
The newly established VIDA will expand its focus beyond recovery efforts, incorporating broader economic development strategies, as outlined in the National Sustainable Development Plan (NSDP). This includes fostering public-private partnerships, promoting sustainable environmental practices, and supporting initiatives that encourage innovation and entrepreneurship across the Virgin Islands.
Premier Wheatley emphasized that the formation of VIDA comes at a time when the territory is prioritizing modernization and resilience. “This agency… will have an Infrastructural Development Plan for the next 10 to 20 years to enable a cohesive, coherent approach towards infrastructural development,” he noted.
The RDA’s Board of Directors will continue to oversee the transition to ensure a smooth handover, guiding the establishment of VIDA as a key driver of long-term development and socio-economic progress in the Virgin Islands.