Hashtag: #AirportEntrustmentLetter
‘Govt Must Address The Numerous Deficiencies’
“It is critical that the largest capital project in Bermuda’s history is executed correctly,” Shadow Minister of Finance David Burt said, adding that the additions to the entrustment letter “make it clear that the OBA government must address the numerous deficiencies that were identified” by the Deloitte report. Earlier this... Read more of this article
No Airport Debt Can Appear On Balance Sheet
The cost of the airport construction “must be wholly borne by CCC and the selected developer and sub-contractors” and “no debt should appear” on the Government’s balance sheet, the Entrustment letter says, with the letter also stating that the “continued deterioration of Bermuda’s fiscal situation” is a “cause... Read more of this article
Govt Has Received Entrustment Letter From UK
[Updated with video + PLP response] The Government has received an entrustment letter from the British Government for the airport redevelopment project which “removes any potential legal barrier to Bermuda’s engaging with the Canadian Commercial Corporation,” Finance Minister Bob Richards announced today [July 22]. The Minister said,... Read more of this article
Airport Redevelopment Entrustment Letter Tabled
[Updated] In the House of Assembly today [Nov 28], Minister of Finance Bob Richards tabled the Entrustment Letter from the United Kingdom for Bermuda to contract the Canadian Commercial Corporation [CCC] to redevelop part of the airport. Minister Richards said, ” Mr. Speaker, in my Ministerial Statement on November 21 confirmed that the Government... Read more of this article
