The political and cultural climate in Cape Verde is already quite welcoming to foreign interests, particularly those of the United States, as evidenced by their reception of Secretary of State Hillary Clinton and an open letter from the president of Cape Verde to President Obama in late 2009 (VCV 2010). This situation could be soured by ongoing economic woes and a weakening of the current U.S. administration, so moving quickly through the approval phase is warranted. At the same time, the economic situation in Cape Verde has deteriorated much more so than many other countries, as its economy is built largely on tourism (which has dried up considerably in the current recession), meaning it will be likely to both highly desire and quickly approve reasonable plans to bring extra capital into the country (VCV 2010). Its dependence on foreign money has only increased in the current economic situation, and this could be advantageous to the project.

Cape Verde, having only been a self-governing democracy for a little over a quarter-of-a-century, remained largely underdeveloped despite its strategic Atlantic location, and modernization efforts have typified the preceding...

This project will dovetail quite nicely with these efforts and will show the continuing expansion capabilities of the island, and thus is in keeping with the overall trends and desires of the culture and the government on Cape Verde. A backlash against privatization efforts in the first years of the twenty-first century, however, might make foreign investment and control a less profitable and more risky venture; controls an assurances must be put into place in the project to protect against this eventuality (Pearson 2008).
References

CIA. (2010). "Cape Verde." Accessed 31 January 2010. https://www.cia.gov/library/publications/the-world-factbook/geos/cv.html

CVN. (2010). "Cape Verde celebrates 550 years of discovery." Accessed 31 January 2010. http://www.cvntv.com/

Pearson. (2008). "Efforts at modernization." Accessed 31 January 2010. http://www.infoplease.com/ipa/A0107395.html?pageno=2

USDOS. (2010). "Cape Verde." Accessed 31 January 2010. http://www.state.gov/r/pa/ei/bgn/2835.htm

VCV. (2010). "Cape Verde vision." Accessed 31 January 2010. http://virtualcapeverde.net/news2/index.php