Recological Systems plans challenge of House motion canceling Commerce Bight lease

Published by BBN Staff at June 2, 2021

Tags

Posted: Wednesday, June 2, 2021. 9:08 am CST.

By Aaron Humes: By majority, the House of Representatives on Friday voted to cancel a 25-year lease to Recological Systems Limited over the Commerce Bight Port in Dangriga, citing various illegalities.

The company is now hitting back, stating that it may bring a legal challenge against this parliamentary motion to cancel their lease.

The statement insists, “There were no grounds under the Finance and [Audit] Reform Act that would require for the lease to be taken to the National Assembly. The continuous references made towards the ‘2 days before Election’ claim is completely baseless as it was beyond RSL’s control. There were numerous delays encountered on the part of GOB…”

Former Minister Edmond Castro signed the lease two days before general elections while the House was dissolved.

But Recological, which wants to build a power plant in the area and revitalize the port for export, states, “We have a valid and legally binding lease and rental agreement to develop and manage the Commerce Bight Port and will pursue all options to ensure that our rights are respected and honored. We respectfully urge the government to honor the lease and rental agreement… and we remain open to engaging them on a beneficial path moving forward.”

Area representative Dr. Louis Zabaneh has told us that the Government is entertaining new investors with ideas, including a possible cruise ship docking facility and “cultural village” surrounding the port. Redevelopment, according, to an IDB study would cost between US$60 and $80 million.

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-601-0315.