Reporter.bz – Belize News

 Breaking News
  • U.B Student Reported Missing By His Family Monday, March 25th. 2019 Family members of UB student Kevin Frutos, 26, are extremely concerned and are asking the public’s assistance in locating him. Frutos was reportedly last seen on...
  • Husband and Wife Perish in Traffic Fatality Sunday, March 24th. - By Marion Ali - Two people died in a traffic accident yesterday evening in Spanish Lookout. The Reporter has received confirmation that at around 6:00 pm,...
  • Several Fatal Road Accidents in Rural Areas Reported Sunday, March 24th. -By Marion Ali- There have been two fatal traffic accidents since Friday night, both of which occurred in rural areas. The most recent incident occurred last night...
  • Thieves Target Caribbean Tires in OW Friday, March 22nd. - By Marion Ali - Thieves have reportedly targeted Caribbean Tires Wholesale office in Orange Walk Town. The Accountant of the company, Rosita Wade, reported to Police...
  • Asian Businessman Robbed at Business Friday, March 22nd. 2019 - By Marion Ali - An Asian businessman was robbed at gunpoint last night at his store on Baymen Avenue in Belize City. Terrence Tang, 27,...
  • 2 Persons Shot In San Pedro, Both Died Shortly After Thursday, March 21st. 2019 Violence has erupted again on San Pedro, the midday shooting has left a known gang member dead. The Reporter has gotten multiple reports that two persons...

ACQUIRING LAND PUSHED UP PRICES, – SAYS WORK’S MINISTER

ACQUIRING LAND PUSHED UP PRICES, – SAYS WORK’S MINISTER
November 30
10:25 2018
THE REPORTER:  News Staff, -  

Minister of Works Rene Montero says that the Government of Belize has to borrow some $14 million from the Inter-American Development Bank to add to an existing $54 million loan for upgrades to the George Price Highway, because it needs to acquire land to finish the project.

GOB presented the loan motion to the House of Representatives on November 25, in an effort to complete the upgrades to the road stretching from Roaring Creek to Santa Elena to supplement the 2015 project which was created to pave from miles 47.9 to 76.3 along the George Price Highway. The loan will have a 25 year lifespan.

“Because a lot of land has to be acquired, Madam Speaker, and these lands are very costly. That is the reason why we have that price for that road. Also, we are taking into consideration a lot of safety features. We are widening the road and all of these things,” Montero said.

The People’s United Party strongly condemned the loan motion, with National Deputy Cordel Hyde noting that GOB has, in several instances, approved a project budget only to make a supplementary motion to borrow further sums of money for the same project.

“I am wondering how we got our early calculations so wrong where this project is concerned. You are talking about 30% off base. You had an original loan agreement for $54 million to pave this stretch of highway from Roaring Creek to Santa Elena and you now come back to the honorable House and say you need $14 million more. Who is advising the government?” Hyde said.

Prime Minister Dean Barrow defended the motion, saying that the stringent accountability measures placed on loans from the IDB ensures that there has been nor will there be any improprieties with regards to the project.

. . . . . . . . . . . . . . . . . . . .

search bar

Sunbright Ad

CLASSIFIEDS – PREMIUM POSTS

THE MADE IN BELIZE SHOW

LATEST SPORTS NEWS – Gallery

FITNESS & HEALTHY LIVING

Mi Wah Panades