PLP: ‘Documents Missing Critical Financial Info’

January 29, 2017

“The PLP received 8 copies of the Airport Project Agreement on Saturday from the Government without the signing of a non-disclosure agreement,” Opposition Leader and Shadow Minister of Finance David Burt said, adding that the documents “are missing critical financial information on the Minimum Revenue Guarantee, Revenue Sharing, and the Financial Model.”

Mr Burt said, “I can confirm that the PLP received 8 copies of the Airport Project Agreement on Saturday from the Government without the signing of a non-disclosure agreement.

“Sadly, the documents provided to us are missing critical financial information on the Minimum Revenue Guarantee, Revenue Sharing, and the Financial Model.

“When questioned by me earlier today on live radio, Minister Bob Richards stated that he was unaware the financial details were missing, but made assurances that the Opposition would be provided with this crucial information.

“The PLP looks forward to the receipt of these figures in a timely fashion. Until this information is received, MPs will not be able to give this 30-year privatisation agreement the scrutiny that a modern democracy demands.

“These developments are a partial victory for democracy and transparency, but the people’s representatives still require the full financial details before we can assure voters that MPs are fully aware of the agreement they are being asked to approve.”

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  1. Brian says:

    The things they waste time with ,I guess to be expected from one of the shameful 20 , our young folks getting shot every month does not care about that no marches against shooting? Silence , they failure to provide our young folk with a more equal society no March on that silence but yeah let’s march for Mr tweed that’s a top priority , when you clear away the minutia and smoke it’s the usual greed for money and power we can’t go back to the days of making swizzle now can we “quite frankly”

    • There are some things you can influence and some things that are just out off your league. The underworld is a whole nother ball game, like Operation Clean Sweep, it ran DEEP.
      But dumb S!@# like as de Minister of Finance you leave out the most critical information for the Opposition to vite on and your responce is Ill get it to you?

  2. BUILD BUILD BUILD says:

    Modern democracy demands, this coming from the party that “had to deceive you”. Does it get any richer!?!

    If you care so much about the well being of Bermudians you would put your party and self interest aside and embrace this project to get the scores of Bermudians that need it so badly back to work.

    The irony is that you and your colleagues don’t have a solution to this unemployment that others in your party caused yet you block the one of the things that the GVT is doing to get folks back to work.

    Shameful.

    Have a blessed day!!

    PS. we want this airport built.

    • P.L.P. was a stinking sore, but O.B.A is Cancer, ever since they got in it has been controversy after controversy.
      So you didnt know as the Minister that de numbers were not in de info that you gave de Opposition?
      I see why aCON got the deal they got.
      You got conned.
      LMFAO

  3. Jonathan Land Evans says:

    Assuming that the missing information will also be released to MPs, this is welcome news and long overdue.

  4. Jus' Askin' says:

    Unaware ;-) ;-)

  5. aceboy says:

    Can we now get the same level of detail on the Hospital, the TCD Building, the Court Building etc? TCD appears to be a permanent privatization deal btw, not even 30 years. We all have to pay for nothing. Nobody gets failed and the whole system of emission testing is a complete joke. The owners of Bda Emission Control Ltd. BY LAW collect money for absolutely NOTHING.

    • You had ya chance, lets deal with de matter at hand.

      • aceboy says:

        Not quite. There is still an ongoing police investigation and the findings of the COI are yet to be released.

        Let’s see the detail in all those deals. The public have a right to know, correct?

  6. Yahoo says:

    Come on Richards, stop playing stupid games and just get the airport built. Your arrogance is unappealing and is going to land the OBA in the opposition benches next year. Please don’t $#^% this up and get the PLP re-elected… we can’t afford that!

    • Its me again says:

      What makes you believe that building a new airport guarantees their reelection

      • Yahoo says:

        Not sure where I said that? I think the OBA is done, with or without a new airport. What worries me most is if the OBA doesn’t get this deal done… I shudder to think what the PLP’s solution will be.

      • Point boy says:

        I believe. That it would show a determined, strong government that won’t be bullied.

        Bermuda as a whole, is in far better shape than it was 5-10- or even 15 years ago.

        So to the few protesters. Please respect our elected officials, and due process.

      • They F@#ed up since JetGate.
        Its in overkill now.
        LMFAO

  7. Joe Bloggs says:

    “Until this information is received, MPs will not be able to give this 30-year privatisation agreement the scrutiny that a modern democracy demands.”

    Does that mean more modern a democracy than 6 years ago?

    • jt says:

      Not sure how he can make that statement in the absence of the missing information. Unless it’s designed to mislead. Say it couldn’t be.

  8. Bermy Swing Voter says:

    While you’re waiting for the missing info please comment and take a position on what you’ve received so far. Is there anything in the agreement that you’ve received thus far that makes this a bad deal for Bermuda?

    • Well if we cant have de most IMPORTANT part off de information, reading anything else is just like blowing smoke up my @$$.
      Glad ya not in politics.
      LMFAO

      • Bermy Swing Voter says:

        You’re right about one thing. I’m not in politics. I’m for the betterment of Bermuda and expect more from our politicians. For example, i’m glad they’re asking for the missing info I just want to get a sense of whether what they have seen is good or bad so far. Otherwise one can only assume that they’re waiting for something to use for political means rather than truly assessing the impact, good or bad, for Bermuda.

        Let’s just say your joy that i’m not in politics is mutual and reciprocal.

        have a nice day brother!

      • Widget says:

        @OJ, careful man your going to pop a fuse.

  9. Throwing Stones? says:

    Missing Critical Financial Info You say? There were / are $800 million worth of missing critical financial details from just 14 years of what you refer to as transparent and good governance.

    • bluwater says:

      ….WHILE Mr Burt was junior finance minister, no less.

      • wahoo says:

        You can keep brining up the $800M but they will not comment. Perhaps they signed a NDA with the grand poo-pah.

  10. Interested Party says:

    Let’s face … Missing documents are a Politicians Lying to the People specialty. “…missing critical financial documents…” really?

  11. Bill says:

    I don’t get it. We elect politicians to make decisions for the island. Why should we have to baby some politicians to decide, and get the work done. You have an important roll to give, both opposition and elected gov. Decide upon yourselves, work together and DO YOUR JOB. This petty stuff needs to stop. If you need to sign the non disclosure agreement sign it and do what you need to do. Your time wasting, lack of decision making, and arguing on both side isn’t helping the island and further wasting tax payers money.

  12. How come we dont hear CORRUPTION anymore since 2012.
    Those with influence $$$$$$ are running things and those who supposed to defend the defenceless (Spiritual Leaders, Activist, etc.) are silent.
    Thank God for the P.L.P., Union and Rev Tweed because other then that who would be the voice for the PEOPLE.
    They used to take our homes and deny us jobs for speaking out back in de day, so I guess I understand.

    • sonso says:

      How far back in the day you talking about stale juice? Pre 2012 i assume, when all was peachy innit?

    • Anbu says:

      Uve never lost a damn thing OJ and u know it. U think this is ignorance now?! Lmao u lot wait till next week hahahaha. Maybe this new governor actually has the cohones to make the right decision. See what your “protesting” does for u then. Mercy its gonna be great!

    • Wahoo says:

      His name is Genevieve.

  13. Alvin Williams says:

    One thing is clear the OBA government and it’s finance minister has been led kicking and screaming to release the Airport development project and even so not all the details of the project and this includes the important finance details which had to be challenge by the Opposition Leader when the finance minister claim that all had been release. The OBA government than claim that it had entered a new level of disclosure when in fact it was the people’s protest that has dragged the government this far.

  14. Sojourner says:

    Burt just played his next card, now Government will have to argue it is not a privatisation agreement.

    • sandgrownan says:

      It isn’t, but who cares if it is? Airports all over the world are run as private enterprises.

      The real reason the PLP want to delay, is so they can get their snouts in the trough again if re-elected. They really don’t give a sh*t about jobs at all.

      • 2000 jobs and counting LMFAO
        And a lot of people care, what happens all over de world dont always means its good for Bermuda.
        But dealing with de matter at hand, as a Minister of Finance, endorcing a memo for leaders to vote on and leaving out de most important information is not only embarrassing but PATHETIC!!!!!!!!!!!!!!!!!!

    • Point boy says:

      I’m sorry but. Burt is not worried about (job opportunities). No matter how. It’s all about power.

  15. Build a Better Bermuda says:

    Now, if and when the PLP next get in, what are the odds they will live up to these standards they demand from others? They aren’t able to live up to them right now, so what are the odd…??

    • Well they lived up to noticing that the most important imformation was not in de memo.
      LMFAO

    • Sorry Sir says:

      I don’t think they are capable of thinking that far ahead, to be honest.

  16. WhiNE whine whine. they don’t want Bermuda to succeed unless they’re in charge.of I forgot they were in charge that’s your we are were we are

  17. Trail User says:

    I really cant believe some of the stuff on this site can we just have the information that will help anyone make a better informed decision I cant see what is so wrong with that I am not for any party but too much seem hidden and I cant get an answer from any govt politician on what’s going on. Get rid of all party politics serious

  18. Really says:

    The only way the PLP will agree that the airport is the right deal is if they are in power, But I hate to break it to them, no reputable company would work with them because of their horrible reputation. So please OBA let’s go, get the airport going and some people back to work.

  19. Triangle Drifter says:

    As expected, the info released is not enough. Goalposts moved again. Never stops. Never satisfied.

    What next? Maybe they expect the OBA to be able to provide precise numbers of passengers & be able to figure out to the very day when the airport gets to a point of earning a profit.

    How many MPs are going to read the documents in the first place? Of the few that do, how many of them will have an understanding of the figures? Dealing with figures is not a very strong of the PLP.

    When $800M goes missing & things are paid for twice & nobody notices you have to wonder.

    • aceboy says:

      They were just “levelling the playing field”. I would have thought that OJ would be sitting pretty. His mates were supposed to be looking out for him. But he keeps saying he and his people are suffering. Was the playing field levelled OJ? Didn’t you get a cheque in the mail? Nice cushy civil service job?