Three New Contracts Signed For Recovery Infrastructure Works
Three contracts for major recovery projects including Rehabilitation and Slope Stabilisation Works on Tortola and repair of the Vanterpool Administration Building on Virgin Gorda were signed today by the Recovery and Development Agency (RDA).
Caribbean Environmental Restoration Ltd was awarded two contracts for Road Rehabilitation and Slope Stabilisation Works at Little Dix Hill in the amount of $407,105.60 and at Bob’s Gas Station in the amount of $494,308.10.
Metro Construction Ltd was awarded the contract to repair the Vanterpool Administration Building on Virgin Gorda in the amount of $1,410,670.79. The projects are financed by the Government of the Virgin Islands through the Caribbean Development Bank (CDB) Rehabilitation and Reconstruction Loan and will be implemented by the RDA on behalf of the Ministry of Transportation, Works and Utilities and the Deputy Governor’s Office.
Premier and Minister of Finance Honourable Andrew A. Fahie congratulated the contractors and said it was important to ensure that the people of the Territory have a stake in the development of its economy.
The Premier said the renegotiation of the CDB loan was vital because it could not be just or fair for loan funded monies to pass through the BVI’s economy.
“Your Government could not sit aside and see BVI businesses and workers pushed to the side and disadvantaged from not being able to access the benefits of this cash flow. By successfully renegotiating the terms with the CDB, our BVI workers and bu....