GOVERNMENT HAS NOTHING to hide about a capital works financing package that is part of a $150 million loan from FirstCaribbean International Bank (Barbados) Limited, says Minister of Commerce and Trade Senator Haynesley Benn.
He was reacting yesterday to comments by Opposition Senator Kerrie Symmonds that Senate papers gave no details about the “budget support” aspect of the loan and that there was need for “the fullest and most frank disclosure” to the chamber.
“We don’t have anything to hide,” Benn said, adding that the $22 million committed to capital works under the loan would go to road construction and the building of the St John Polyclinic.
The remainder of the funding ($128 million) is to assist with the repayment of a bridging loan taken out for the construction of the Judicial Centre at Whitepark, St Michael. (TY)
Full story in today’s Saturday Sun.
