House authorizes financing for $31 million South Roads Rehabilitation Project

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House authorizes financing for $31 million South Roads Rehabilitation Project

GIS – At a sitting of the House of Assembly on Tuesday, parliament authorized the Minister for Finance to guarantee the financing of the South Roads Rehabilitation Project.

The South Roads Rehabilitation Project comprises of the Banse to La Haut Road and the Laborie village main road.

Prime Minister and Minister for Finance, Hon. Dr. Kenny D. Anthony outlined the terms of the guarantee.

“The interest is payable at five percent per annum based on the reducing balance,” he said. “The payment period shall be five years commencing on May 31, 2016 of three months of the issuance of the takeover certificate, whichever or whatever date as agreed to in writing by the government and Construction Industrial Equipment Limited. The payment amount shall be made by equal quarterly payments of every year of the payment period.”

Hon. Dr. Kenny Anthony also made note of the requirements of the project.

“As per employer requirements, the scope of work includes drainage, road pavements and shoulders, where it is technically feasible and required; pedestrian sidewalks which is technically feasible, slope stabilization, in fact substantial slope stabilization, bus stops, lay-bys and bus shelters, road markings, signage and of course, road safety inputs.”

The South Roads Rehabilitation Project will cost approximately $31 million dollars.

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9 COMMENTS

  1. Those roads were long overdue. Don't really care who builds them, as long as they satisfy specifications and have guarantees !

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  2. They're constructing a food for farmers and not for the community. Destroying the small piece of rocky road to create a narrow pathway for farmers. So where is the road they constructed up la haut? Thats some kind of bull shit- hiring and firing ppl. A road with mad culvert and gutters on one side

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  3. Guy Joseph was right all along. One contractor getting all the jobs? What budding process? Who makes the final decision? On bar tabre.

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