7 News Belize

Confirmed: Waterloo DOA
posted (June 26, 2020)
Today was House Meeting Friday in Belmopan - and while enough sparks flew across the floor, we start outside the house where we interviewed the Prime Minister about a number of matters of pressing national interest.

First, there's the proposed investment at the Port of Belize by Michael Ashcroft's Waterloo Investment Holdings Limited. That 200 million US-dollar proposal is for a Port of Belize makeover, expanding bulk handling and building a cruise terminal with on shore berthing

Two nights ago we told you about reports that Cabinet had rejected the proposal. The Prime Minister confirmed it today - but, for the PM, who is always lavish in his explications, he almost seemed to be biting his tongue on this one:

Reporter
"Waterloo, I'm told that it was deliberated in the cabinet earlier this week. What is the status with that investment proposal?"

Rt. Hon. Dean Barrow, Prime Minister
"Government is not prepared to proceed with it at this stage. I don't want to get in the details of the deliberations in cabinet and this not ought to be taken as saying anything more than at this juncture for all sorts of reasons. Cabinet did not feel that we ought to proceed. I really don't want to take it beyond that."

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