Comments on: ABIR On Bermuda Airport Redevelopment Project

By: smh

smh — Thu, 08 Sep 2016 15:30:34 +0000

Open some dispensaries and watch the taxes from that pay for a new airport amongst other things.

By: Manor House

Manor House — Wed, 07 Sep 2016 20:33:21 +0000

You are absolutely right about these organisations being the difference between a 1st and 3rd world.

The idea that ABIR can document that they TAKE NO POSITION pro or con on the Government’s proposed rebuilding plan of the L.F Wade and yet continue to list the cons, claim they are not experts on Bermuda’s infrastructure, suggest that the airport facility needs to be replaced and that the replacement will benefit Bermuda…? Is this not TAKING A POSITION? We can see a clear and well defined position here ABIR. Or were we not supposed to pick up on that?

Should ABIR and others like them continue to support issues (Bermuda) will careen into 3rd world colonisation faster than Bob can fuzzy the numbers.

ABIR, “We don’t take a position pro or con.”
Hilarious?

For nine hundred years have I trained Jedi….

By: Vote for Me

Vote for Me — Wed, 07 Sep 2016 19:56:12 +0000

Self serving because they have clearly not thought through the efficacy of their statement about the airport not adding to Bermuda’s National debt. ABIR are clearly trying to earn ‘brownie points’ with this statement.

What they are getting out of it is an attempt to show support for a government position that the majority of the public have already indicated their opposition.

By: aceboy

aceboy — Wed, 07 Sep 2016 19:25:28 +0000

You’re

By: Guy Smiley

Guy Smiley — Wed, 07 Sep 2016 19:13:02 +0000

LOL to these comments, “Get them to pay for it.” WHY in de ras would they do that? We can’t even maintain our schools and we are going to maintain an airport? We can’t even run the hospital, we can’t even run the civil service, we can’t even run a $25M project on budget and you think companies want to donate or invest $250M for us to manage??? LMAO! Hint: Companies are for profit not losing government enterprises.

By: Cotty O

Cotty O — Wed, 07 Sep 2016 19:12:50 +0000

Why??
When the whole damn project has the Canadian Government’s backing?
Really! Where is Bermuda anyway?
We have higher opinions of ourselves than we deserve……and that is an understatement!

By: Cotty Outerbridge

Cotty Outerbridge — Wed, 07 Sep 2016 19:05:33 +0000

I understand that the Canadian Government guarantees the project cost/overruns……doesn’t this mean any debt?

By: Cotty Outerbridge

Cotty Outerbridge — Wed, 07 Sep 2016 18:58:22 +0000

I think their comments are very well founded and anyone who can’t grasp the significance is contributing to Bermuda’s problems.

By: Outerbridge

Outerbridge — Wed, 07 Sep 2016 18:54:32 +0000

Hear, hear!
Bunch of simpletons can’t see the trees for the forest!

By: Cotty O

Cotty O — Wed, 07 Sep 2016 18:52:27 +0000

You’re right…….SIMPLE!

By: jt

jt — Wed, 07 Sep 2016 18:51:14 +0000

You’re on point with your last sentence. Ironic.

By: 4ner

4ner — Wed, 07 Sep 2016 18:45:11 +0000

And when the project runs 2x or 3x cost, as things tend to do in Bermuda… where does the extra money come from?

By: Pride

Pride — Wed, 07 Sep 2016 18:04:56 +0000

Why can’t money just be for free for Bermudians!!

By: Terry

Terry — Wed, 07 Sep 2016 17:50:22 +0000

Trump will build the Airport.
Viva La Mexico……………………………

By: Gabriel

Gabriel — Wed, 07 Sep 2016 17:50:05 +0000

Well said. The agreement guarantees payment – just like a debt instrument. On the book or off the book – it still represents a financial commitment.

By: Yea ok

Yea ok — Wed, 07 Sep 2016 17:40:10 +0000

“We are proud that two-thirds of our employees are Bermudian, spouses of Bermudians or PRC holders.

It’s always fun listening to someone’s lie when you already know the truth.

By: On lookers

On lookers — Wed, 07 Sep 2016 17:10:38 +0000

Does it ever!

By: On lookers

On lookers — Wed, 07 Sep 2016 17:10:06 +0000

Don’t they all work together. Smh

By: Noncents

Noncents — Wed, 07 Sep 2016 16:56:20 +0000

@ simple,

Did they? Can you provide specifics?

By: Bermy

Bermy — Wed, 07 Sep 2016 16:50:21 +0000

Care to elaborate on what you mean? Or do you think you’re adding valuable contributions to the discussion by adding vague, clearly intended to rile the emotions, and baseless statements?

By: Bermy

Bermy — Wed, 07 Sep 2016 16:48:21 +0000

How is it self-serving? What does ABIR get out of it?

By: Gabriel

Gabriel — Wed, 07 Sep 2016 16:39:06 +0000

How about the ABIR tell their members to invest in Bermuda by hiring more Bermudians so we can pay taxes to pay for Bermuda’s crumbling infrastructure. Thanks – if you not part of the solution – your the problem.

By: Bermyman

Bermyman — Wed, 07 Sep 2016 16:37:01 +0000

These organisations are the difference between 1st world and 3rd world for Bermuda.

By: aceboy

aceboy — Wed, 07 Sep 2016 16:32:23 +0000

I dropped off some family members yesterday and there was what appeared to be a huge flood.

Fact is this airport development is needed. I’d rather pay half of what the PLP’s plan was and avoid what Marc Bean described as the Trough mentality that comes along with PLP capital projects.

By: Justin

Justin — Wed, 07 Sep 2016 16:19:54 +0000

Interesting read I came across yesterday: https://www.bloomberg.com/view/articles/2016-09-06/ask-colorado-whether-infrastructure-spending-works

By: Smh

Smh — Wed, 07 Sep 2016 15:30:32 +0000

Wow… These organisations’ true allegiances are coming out. Money talks !!!!

By: inna

inna — Wed, 07 Sep 2016 15:21:56 +0000

And take the risk that the PLP would take over payment of that loan?? Ya right!!!!

By: Simple

Simple — Wed, 07 Sep 2016 15:19:28 +0000

“Government has come forward with a financing plan that avoids additional debt” -HAHAHA I think the head or Enron said the same thing.

By: Vote for Me

Vote for Me — Wed, 07 Sep 2016 15:12:07 +0000

ABIR
“but we do recognize the Government has come forward with a financing plan that avoids additional debt”

I think you are doing yourselves a disservice by issuing this statement.

Ask a Chief Financial Officer of any of your companies to comment on whether the provision of a guarantee related to a $250m project adds to your debt. Whether the debt is on or off balance sheet is not relevant. The substance of the transaction is that you are responsible for any non payment of debt.

Whilst I appreciate the intent of the article, it is clearly self serving.

By: San George

San George — Wed, 07 Sep 2016 14:37:57 +0000

Given they are unable to acquire the financing, ABIR members should also lend them the money (in an off-balance sheet vehicle) – 5% anyone. That would be putting your money where your mouth is. This government would be more than happy to give you a government guarantee, that you will get your money back; they are giving them to everyone else. You should have no fear given ABIR is also our largest tax payer.