Social Security disapproved loan for Caye Caulker airstrip

Published by BBN Staff at December 15, 2017

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Posted: Friday, December 15, 2017. 9:37 am CST.

Posted: Friday, December 15, 2017. 9:37 a.m. CST.

By BBN Staff: According to a report from 7News, the Social Security Board (SSB) did not approve a loan for the repair of the Caye Caulker airstrip.

Yesterday, SSB Chairman, Doug Singh, confirmed that the loan for over $3 million, which was recommended by the Investment Committee was not approved by the board of directors.

Singh told the media that the Board issued a statement saying that the Belize Airport Authority could re-submit an application for the third time.

The initial application $7 million was rejected by the Investment Committee.

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