Parliament approves funding for road works in Castries, east coast

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Parliament approves funding for road works in Castries, east coast
Broken road on the east coast.
Broken road on the east coast.

GIS – Three motions were approved at Tuesday’s House of Assembly sitting.

Parliament authorized the Minister for Finance, Economic Affairs, Planning and Social Security to guarantee amounts ranging from EC$5 million to EC$32.2 million, for varying capital projects.

The amount of EC$5, 814, 758.70 was approved for Bocage to Sunbilt and Entrepot to Independence City Road Rehabilitation Works, while EC$12.2 million was approved for the purpose of financing the resurfacing of the Alan Bousquet Highway Project spanning Union to Babonneau.

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

“The payment period shall be no more than five years starting one year from the date of issuance of the Commencement Order or three months from the issuance of the Take Over Certificate, whichever is the later. The payment amount is repayable by equal quarterly payments of every year of the payment period at the rate of 5.5 percent per annum on the reducing balance.”

In addition, parliament also authorized the Minister for Finance to guarantee the amount of EC$32.2 million for the purpose of financing the East Coast Rehabilitation Project from Canelles to Praslin.

“The payment period shall be no more than five years, or eighteen months after the project start date. The payment amount is repayable by twenty equal quarterly payments of EC $5,814,758.70 over the payment period at the rate of 7 percent per annum and the terms and conditions proposed by the Government of Saint Lucia are accepted.”

The approvals satisfy the legal requirements for these sums to be paid out of the Consolidated Fund.

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7 COMMENTS

  1. What resufacing of the Babonneau road. I think the government should see about other roads such as the one going to Millet but not Babonneau. I travel on this road and compered to other roads it is motorable enough.

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  2. Really!? "Relocate a river" a river that's been there forever + is now restricted by uncontrolled (and politcally motivated), unplanned development.

    If you CHOOSE to build/live in a flood plain buy a boat + build your house high enough. DONT CRY FOR GOVT.

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  3. KALTRZ SERIOUSLY! RELOCATE TO WHERE? DO YOU HAVE A PLACE IN MIND TO PUT ALL THOSE PEOPLE.

    IT JUST HAS TO DO WITH HAVING A LIL COMMON SENSE. LIKE PROBABLY RELOCATING THE RIVER

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  4. Why is the government ignoring the people of South East. They are St. Lucians living in St. Lucia. Is it because of the colour YELLOW or it is because of the Representative Guy Joseph. I do not want to see or hear my people are suffering. they are always the ones being affected. Please HELP them by providing the necessary infrastructure required for safety and a peace of mind.

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    • When the yellow was in power, what did they do for you? This is not about colour because both parties have allowed the horse to bolt.

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