British Virgin Islands

Saturday, May 08, 2021

CDB Funding Is Proof ‘Everything Is Above Board’ In BVI’s Governance

CDB Funding Is Proof ‘Everything Is Above Board’ In BVI’s Governance

Premier and Minister for Finance Hon. Andrew Fahie said, the Caribbean Development Bank (CDB) lending the British Virgin Islands roughly $65 million to rebuild post hurricanes Irma and Maria is proof that his administration is responsible.
The Premier’s remarks were made on Thursday, January 28, during the contract signing ceremony for the new building to house the Department for Disaster Management (DDM) and the National Emergency Operations Centre (NEOC) in the McNamara Estate area.

The $9,803,215.53 contract which is slated to last some 520 days, was awarded to Tandem Development and D&B Heavy Equipment Services via a joint venture.

“CDB funding is proof that everything is above board in how your government is responsibly managing these funds and we are performing according to international standards,” Premier said.

He added, “If we were not doing this, we would not be enjoying the confidence of the CDB, and this is important as the CDB has the option to pull the plug anytime we breach its standards.”

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