MILLION DOLLAR MONEY RESOLUTIONS FOR PARLIAMENT

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The House of Assembly will tomorrow debate two money Resolutions totalling $34.05 million for use by the Ministry of Public Works and Transport, the Ministry of Housing and Lands, and the Barbados Tourism Authority (BTA).

Prime Minister Owen Arthur will move the passing of a Resolution to approve the guarantee by Government for repayment by the BTA of the principal and interest in respect of a US $14,772, 000 loan from the Bank of Nova Scotia.

The BTA is borrowing the money to lease the cruise liner,   Carnival Destiny to provide additional accommodation that will supplement Barbados’ room requirements during ICC Cricket World Cup 2007 matches here.

Minister of Economic Affairs and Development Mia Mottley will move the passing of a Resolution to grant the sum of $4,510,469 from the Consolidated Fund and to place it at the disposal of Government to supplement the Estimates 2006-2007.

The majority of this money goes to Public Works and Transport for road network services, mainly highway construction and maintenance; government building services, mostly major works and renovations; public transportation services, primarily parking systems, car parks,  and structures, in the case of upgrading the River Terminal.

The minor segment of this supplementary is for the Housing and Lands Ministry.

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