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Apr 12, 2018

BIL to Finally Publish Civic Center Contract

As soon as Monday, you can see the management contract for the Belize Civic Center. It will be found on the website of Belize Infrastructure Limited (BIL), www.bil.gov.bz, which will be launched then. But if you were expecting to find any evidence of a guarantee to the management company for profitability, think again. B.I.L. insists that the contract was reviewed legally and approved by the Office of the Solicitor General prior to signing on March nineteenth and that Government is neither borrowing any money on behalf of B.I.L. or Apex Event Services Belize nor offering security for Apex’s debts. But the indignant statement still does not properly explain what B.I.L. C.E.O. Christy Mastry meant when she said, “There is a minimum guarantee based on their gross revenue that the company has to earn. That is basically what we would have said that if the government was running this facility itself for the year, it’s what it would cost to run this facility. The beauty of a contract such as this is once they have made past that gross revenue we no longer have to put a dollar into it – that gross revenue has now made the government revenue neutral on the facility every year for three years.” BIL issued the release earlier today also saying that they are committed to transparency.

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