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Jul 3, 2017

CDB Loans for Placencia Sewer System

Dean Barrow

Seven bills were brought back for second reading from the last session held on May twelfth. An eighth, the Trade Licensing Bill, was deferred to the next session. A new motion for a loan of just over a million Belize dollars to finance support for the Placencia Peninsula Wastewater Management Project was tabled and approved with little debate. The Caribbean Development Bank is providing one point one-nine-two million dollars for a study of nutrient fate and transport as a necessary dimension by Belize Water Services Limited, which is officially in charge of the area’s water system, having taken over from the separate water boards of Seine Bight and Placencia. The move to address wastewater disposal for the communities of the area has been a long time coming according to Stann Creek West area representative Rodwell Ferguson.

 

Prime Minister Dean Barrow

“And whereas, the Board of Directors of the Bank has recently approved a Loan to the Government of Belize in the sum of five hundred and ninety-six thousand U.S. dollars; and whereas, the purpose of the loan is to provide funds to the Government of Belize for consultancy services to undertake a nutrient fate and transport study to inform the design of a wastewater management system for the Placencia Peninsula; and whereas the project consists of the following objectives: a) develop a comprehensive model to predict the transport and fate of nutrients and fecal bacteria in the Placencia Lagoon and surrounding coastal Caribbean Sea off the Placencia Peninsula; the consultants will assume diffuse (non-point) sources and selected point sources corresponding to potential sites for the proposed Placencia Wastewater Treatment System; the model will take account of potential climate change impacts; and b) recommend optimal locations for sewerage treatment facility and final effluent disposal; and whereas the Bank has offered to lend to the Government the sum of five hundred and ninety-six thousand U.S. dollars in one portion to finance the project on the following terms and conditions: special funds resources, a) five hundred and ninety-six thousand U.S. dollars from the Bank’s Special Fund resources to be repaid in thirty-two equal or approximately equal and consecutive quarterly instalments on each due date commencing on the first due date approximately two years after the agreement date; b) interest at the rate of two point five percent per annum to be paid quarterly on the outstanding SFR portion of the loan. The loan shall be fully disbursed by May thirty-first, 2019, or such later date as the bank may specify in writing. Now therefore be it resolved that this Honorable House, being satisfied that the project will significantly contribute to the Government’s efforts to undertake a nutrient fate and transport study to inform the design of a wastewater management system for the Placencia Peninsula, approves and confirms that the Government may enter into a Loan Agreement with the Caribbean Development Bank on the terms and conditions set out above, and further authorizes the Minister of Finance to execute and deliver the said agreement and all other documents associated therewith. This Bill has the recommendation of the Cabinet.”

 

Rodwell Ferguson

Rodwell Ferguson, Area Representative, Stann Creek West

“The Placencia peninsula has been growing over the years when it comes to development; and it’s basically low-lying, and a sewer system for the Peninsula would be very, very welcome, and so I support it.”

 

The motion was approved in all its stages and now goes to the Senate.

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