Posted: Wednesday, April 28, 2021. 4:11 pm CST.
By Aaron Humes: With a knowing wink to previous circumstances, Opposition Senator Michael Peyrefitte said it would be difficult and hypocritical not to approve the US$34.3 million loan from the Caribbean Development Bank (CDB), considering the United Democratic Party (UDP)’s established position on infrastructure as a driver of the economy.
The US$34.3 CDB loan is to be used for the reconstruction of the Philip Goldson Highway between Miles 24.5 and 92 including the Remate Bypass in Corozal.
But he questioned whether the new government, as it intended, approached the Bank to redirect funds to more important uses related to the COVID-19 pandemic.
Leader of Government Business in the Senate, Eamon Courtenay, pointed out that the UDP had done the initial negotiation, but the continuation of the project depended on a UK grant that was soon to expire. The government was committed to the project, he concluded, but only if the Government felt it could afford it.
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