OBA Senator: What Is Happening With Fund?

May 14, 2019

Dwayne Robinson Bermuda Feb 14 2019The Premier “urgently needs to give an update on the Infrastructure Fund – what is it going to pay for and how much has been paid in fees to the fund managers?”

This is from OBA Senator Dwayne Robinson, who said: “It is now a little over a year since the Premier announced the formation of the fund which he was quoted as saying would ‘provide jobs for Bermudians in the months and years to come.’

“David Burt needs to outline what and how many jobs have been created in the ‘months to come’ and he needs to tell us how much has been paid to the fund managers, Fortress Bermuda Infrastructure Fund Advisers.

“Our understanding is that the minimum management fee is $1m a year. Has that been paid? What is the total that has been paid to Fortress Bermuda? The OBA looked at this fund, but did not agree with the fee to be paid.

“Have any projects been sent to the Fund for consideration? If so what were they and why were they not given the go-ahead? What is the return on investment this Fund expects – after all, this is not a gift, it is a loan.

“While we appreciate the good intent of those responsible for raising the capital for this fund, Mr and Mrs Bermuda should be told what the money is going to be spent on, when and on what and they should be told how much Government is paying in fees.”

Share via email

Read More About

Category: All, News, Politics

Comments (48)

Trackback URL | Comments RSS Feed

  1. Take it easy says:

    Ease up young man! The fund will be used to put Bermudians back to work unlike the OBA who used taxpayer dollars to build perfectly useless pavilion at Cross Island when we had a perfectly good option for AC viewing at Morgan’s Point! We won’t be using the fund for any vanity projects that line only the rich peoples pockets!

    • Double S says:

      It’s been in play going on two years now. Where are those jobs you speak of?

      • Double S says:

        PS: Morgan’s Point is privately owned. But I know that PLPers and facts = oil and water.

        • Ringmaster says:

          @Take it easy. The fund has been there for 2 years. Forget the AC. What projects have started using the fund, and how many Bermudians have been employed? It’s a simple question but it seems all you have is the AC, which provided many jobs and made Bermuda a lot of money. Don’t believe? Ask ferry captains and crew, taxi drivers, electricians, plumbers, construction workers, Island Construction, media, tax receipts, home owners, restaurants, and more. By the way, it took place over a 2 year period.

          • Never heard this young man when OBA was doing a pack

            • aceboy says:

              So that means he is irrelevant and shouldn’t ask questions about a fund that was establish two years ago and is supposed to be putting Bermudians to work but has instead gone completely silent? Wow. Your ability to ignore the plank in your eye and to point out splinters in others’ is biblical.

            • Syl Hayward-Harris says:

              @ Onion Juice: clearly you weren’t aware of “It’s That Kind of Party”. This young man and his partner reported on and discussed, with intelligence and non-partisanship, many issues during the OBA’s tenure and after.
              He showed insight and a fine grasp of what our country needs back then and demonstrably continues to display those same characteristics in his current senatorial position.
              I consider his appointment to the Senate to be one of the best moves made by the OBA to date.

              • WHAT? says:

                His partner is Jet Gate Craig’s son…how bias and stupid can you be. Stop fronting people to get a different vote. The UBP tricks can’t help you anymore.

                • Anbu says:

                  Whats wrong with “jetgates” son as u put it. Tre is far more intelligent than any politician on the plp side. He would make them smoke in parliament. U just dont like the fact that these two youngsters have a much better grasp of reality than most of u old farts.

              • Check MATE!!!!!!! says:


                …….but he was silent on JetGATE who now again has returned to the leadership of the UBP.

            • Double S says:

              Only PLP supporters think that halving the PLP $400mn deficit, attracting international sporting events to our shores, getting tourism n track, ensuring that’s massive construction projects gets of the ground (you know the same ones that the rating agencies base their positive outlook on) as doing a pack.

              But yet you support a party that pays their former leader overall a million of taxpayer monies, drop civil lawsuits against other PLP MPs for ‘interesting’ public contracts, sees Bermuda get blacklisted, has raised every tax and fee possible contradicting their promise to lower their cost of living etc.

              You guys are jokes. Simple and plain. And I hope the damage that your Party will continue to inflict on this island hurts you the most. You deserve nothing less.

    • trump supporter says:

      Imagine that.

    • wahoo says:

      With plp at the wheel you can bet someones pockets will get lined and it won’t be the working man.

    • LaV says:

      “The fund will be used to put Bermudians back to work ”

      Is that why you gave DREB $1.2M?

  2. truthertz says:

    I don’t know about this fund, but the Opposition needs to be much more vociferous about the PLP’s healthcare ‘reforms’ and how they are resulting in massive increases in health care premiums that will negatively affect all in BDA.

  3. Richard A says:

    “David Burt needs to outline what and how many jobs have been created in the ‘months to come’

    The answer is zero. You are trying to get him to admit something he never will because he is ashamed of the poor performance by him and his government.

  4. Vote for Me says:

    Senator Robinson… and who penned this article?

  5. Swing Voter no more says:

    You really believe the UBP likes you WOW. If that’s the case I have a bridge to sell you!

    • wahoo says:

      Do you have anything to say about the piece? Or are you just going to try and make innuendo in the hope of changing subject?

    • Paul says:

      swing voter,it is people like you that need to stop this negative talk…please pay attention to what is going on… and get rid of your biased opinions..

  6. Paul says:

    The leadership of the P.LP.is under scrutiny..the confidence of the premier is fading…is it time for the members of the party to elect a new leader ?

    • wahoo says:

      Like, who would they elect? What are the choices? We know it won’t be Zane and we know why even though he has more business sense than the rest.

    • Street Talk says:

      The only leadership the obaUBPee needs a big ? on is Jetgate craig. Your party selected the weakest person to be the smartest person in the room LOLOLOL.

      What’s really sad is your members are in shock about him and how far the party has sunk to find a leader!!

      • Joe Bloggs says:

        I agree Street Talk. And hopefully that investigation will come right after the investigations into King’s Wharf, Port Royal and the missing money from the years before the only OBA administration.

  7. bda is waiting on john swan’s business “people” to finance it

    • Ringmaster says:

      @ George Courtney. You are an embarrassment to Bermuda. Talk about crabs in a bucket. Sir John Swan has shown his contribution to Bermuda. What has Rolfe Commissiong done for Bermuda? Nothing. Unemployable except as an MP.

      • And the moment that his statement went public about white business money for bda, john swan has a MAJOR problem with all atrong black people on planet earth as if junior bridgeman’s, magic johnson’s or even oprah winfrey’s money has a problem being invested in bda

        • Toodle-oo says:

          err , wasn’t it the PLP that made it so difficult for Oprah to buy that house in Tucker’s Town she walked away ?

        • LaV says:

          ” oprah winfrey’s money has a problem being invested in bda”

          That’s because YOUR PLP government prevented her from investing in bermuda.
          Are you really THAT stupid?

      • Smith says:

        John Swan and people like you are the reason we have so much problems today. How can he say bring in WHITE BUSINESS MEN. Other races have money also. Why does it always have to be white wash with you people.

        • Toodle-oo says:

          Let me guess , you also misinterpreted Dr Saul’s remark about ‘Bermuda Inc’ all those years ago , if you were even around then ?

          What Sir John was implying was that the ‘certain segment’ (Betty lingo flipped) need to get over their hate of people who don’t look like them and welcome them and their financial status. Not keep chasing them out with the racist hate talk.
          BTW , how do you like your ever skyrocketing cost of living and taxes ?

          • Double S says:

            Exactly. Rolfe misled them and once again the sheeple ate it up without even thinking twice. Rinse and repeat. Cause hate is all they got, because in 2 years in power they haven’t accomplished one notable achievement to date. Well that’s unless you believe jacking up taxes is something to be proud of.

        • Ringmaster says:

          @Smith. So who is stopping others from investing? Can you list any Bermudians who have invested in new hotels or large businesses recently? Nothing stopping them and there are plenty of them.

        • LaV says:

          “Why does it always have to be white wash with you people.”

          It’s not, but you’re an ignorant racist, so there’s no reasoning with idiots like you.

      • Black Panther says:

        Rolfe Commissiong
        Ran his own business for 12 years.
        And most of those years before he became a consultant to two Premiers.

        Get your facts right.

        And his business was so successful a certain OBA leader tried to move into his market

        And John Swan is only a hero in Fairy Lands and Tucker’s Town.

        • Joe Bloggs says:

          What is or was the name of Rolfe’s business please. I don’t recall hearing about it previously.

  8. Paul says:

    George Courtney, if that is your real name, Sir John Swan was the best and longest serving Premier this Islamd has ever had.. and he cares about Bermuda and all of Bermudians,he was so intuned with all Bermudians,and always took time to say hello and how are things going…. and else for Commisiong he should never should be a part of any serving government..come on people stop thinking black and white…and what is the best for all of we bermudians.

    • Well John Swan said we need white business men.
      Are you gonna defend that.

    • White Wash says:

      If the UBP was so great why change the name to OBA? Switching names hoping to get the black voters to return was a failed idea. Now you have Craig as the leader, it’s hilarious to see how low and desperate the UBP has become. Why did all the black voters leave and swing to the PLP is only problem you need to solve. After that you won’t need to have a black leader to generate votes or change the name. Both PLP and OBA might be equal, but it’s better that someone create a 3rd party similar to the BDA. The oba will never win again.

  9. aceboy says:

    PLP trolls out in force on this one.

  10. Black Panther says:

    This is what most black people and fair minded whites know about SirJohn.

    And what about his comment during black history month where he stated with a straight face that our white people in Bermuda were not like their cousins in the South after all they did not lynch us.

    That one really takes the cake. What an insult to the black people of his own generation.

    Finally , they also seem to like Sir John up at Grape Bay for some reason.

  11. Syl Hayward-Harris says:

    Can we flag comments that have nothing to do with the article and only serve to insult and denigrate? There are several …

    • WHAT? says:

      ….but when the trolls in the oba say something you turn a blind eye to it. You can’t have it your way all the time anymore UBP.

    • LaV says:

      “Can we flag comments that have nothing to do with the article and only serve to insult and denigrate? There are several …”

      If they did that, the plp wouldn’t have a voice.

  12. I can respect that.
    Keep up the good work

  13. Me says:

    PLP equals division inequality taxes taxes taxes and zero new jobs wow how progressive we are .

    • White Wash says:

      The only division is what the ubp or oba has done for years. They created the mess we are in. It was only division when black Bermudians spoke up. When the the UBP was in charge speaking up would get a black Bermudian white washed. Thus the very reason people were afraid. Times have change. People like you want to live in the 70s and 80s when people of color said nothing. Go read CV Jim Woolridge’s book “those little white boys don’t mind you being in charge as long as they can tell you what to do” coming from a man that was big in the UBP.