So the airport will be built. The full story is on Michel's blog.
We are pleased to announce that the Secretary of State’s conditions have now been met, and that we have today entered into a contract with Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, and £35.1 million for ten years of operation. This represents a saving of more than 20% in real terms from the 2008 price, taking into account inflation and the value of the pound.- Mark Capes, Governor of St Helena
I must say I have very mixed feelings about this. What we can be sure of is that once the airport is built St Helena will never be the same again. I hope my worst fears are not realised. But as Michel's post makes clear, this is good news for the French properties, which will now be far more accessible to those who wish to visit them.