And, the Prime Minister has written back to the NTUCB after they sent him a long letter demanding answers on the compulsory acquisition of 23 acres on Stake Bank Caye. They question how it can be acquired in the public interest for a private company.
The response is nowhere as long or detailed and first points to live litigation and the Prime Minister says he can't say much.
But he stresses, quote, "Completing a berthing facility in the Belize District is uncontestably in the public interest...To reverse the current decline of cruise tourism arrivals...the completion of the Stake Bank Project is essential." end quote.
The Prime Minister also points to. The 270 million invested in the still incomplete projects and says, quote, "there is the obligation to safeguard the investment climate....any investment in the amount of almost 4% of current GDP demands judicious attention from Government. Failure of such a project has grave, long- term implications." End quote.
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