Sunday, March 3, 2024

$87 million ash fallout


Share post:

Barbados has suffered at least $87.1 million in financial fallout after being blanketed by volcanic ash in April.

Minister in the Ministry of Economic Affairs and Investment Marsha Caddle revealed this “most conservative estimate” of the disaster cost and said it was based on a damage and loss assessment conducted by the ministry.

It comes as some Barbadians, including Opposition parties, question the $22.1 million Government says is needed “to reimburse ministries, departments and state-owned enterprises for expenditure incurred from the clean-up process resulting from the ash deposited on Barbados”.

The money was part of a near $35 million supplementary approved by the House of Assembly on Tuesday.

Caddle said in a statement that the damage and loss assessment was carried out immediately following the La Soufriere ash fall event, noting that the $87.1 million “covers the clean-up itself, which was significant”.


Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.


Please enter your comment!
Please enter your name here

Related articles

Sandy Lane Barbados Gold Cup 2024

Portfolio Company, ridden by Antonio Bishop, gets the edge on Rasheed Hughes aboard Cash Equity, to win the...

Zane does it again

by Nick Maitland It was a season start most drivers only dream of! Barbadian Zane Maloney set an impressive example...

Thorne ‘not backing down’

There will be no backing down by the Leader of the Opposition in his quest for answers and...

Attractions way forward

Attractions, attractions and even more attractions. That’s the focus and direction in which this country’s tourism sector should...