Beautiful Virgin Islands

Thursday, Jul 24, 2025

VIP Gov’t restoring Transportation Fund met with ‘zero $$ & zero cents’!

VIP Gov’t restoring Transportation Fund met with ‘zero $$ & zero cents’!

The Transportation Fund, which the Virgin Islands Party (VIP) Government met empty, is now being restored for the purpose of improving the territory’s roadways.

This is according to Premier and Minister of Finance Honourable Andrew A. Fahie (R1) who said it was Minister for Transportation, Works and Utilities Hon Kye M. Rymer (R5) who identified the need for the Transportation Fund to be reinstated.

Premier and Minister of Finance Honourable Andrew A. Fahie (R1) said over one million dollars has already been put into the Transportation Fund.


Over $1M in Fund


The Leader of Government Business said the funds from that area, which is currently over one million dollars will now be used to finance road improvement projects in the territory.

“I am happy to report that we have reinstated that Fund and I do not have the total figure but I know, Mr Speaker, a few months ago it was at $1.3 million, which is going to go towards making sure we have a proper road network, and it will save us significant money because Government has already purchased its own asphalt plant.

“Now with that money coming into that Fund and it is being targeted directly into what the legislation says, we can now move to now not having to look for money to help with the roads but to have that Fund that is being properly funded according to legislation to start to improve our road and the infrastructure,” a pleased Premier Fahie said during the introduction of the Financing and Money Services (Amendment) Act 2021 at the Eighth Sitting of the Third Session of the Fourth House of Assembly on May 11, 2021.

: It was Minister for Transportation, Works and Utilities Hon Kye M. Rymer (R5) who identified the need for the Transportation Fund to be reinstated.


Fund was not being financed under NDP Gov’t


He said, despite being mandated by law, the Fund was not being financed under the previous National Democratic Party (NDP) government and was only recently identified by Honourable Rymer after being in office for a year.

Premier Fahie said the funding comes from a percentage of fuel imported into the territory.

“It is in the legislation that money be placed in a special fund. Come to find out that after we finish with the first budget going into the second, there were zero dollars and zero cents inside of that Fund and there is a legislation that states clearly that that Fund must at all times see the deposits based on a calculation that is done based on the fuel that we import into this country…” Premier Fahie explained.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
×