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Oct 3, 2018

First US $3 Million Payment Due End of October

Orson Elrington

Taking part in the debate were U.D.P. Senator Orson Elrington and P.U.P. Senator Eamon Courtenay. Both Senators touched on Cabinet’s decision at the time to terminate the concession agreement.

 

Orson Elrington, Interim U.D.P. Senator

“Under that agreement NEWCO was given a concession for administration, maintenance and monetization of the airport. The terms include the exclusive rights to operate, develop the airport as well as finance perform the runway and terminal and infrastructure improvements. The honorable gentleman Mr. Courtenay knows very well indeed because it was he who in July twenty fifth 2003 prepared a memorandum for cabinet requesting the termination of such concession agreement.”

 

Eamon Courtenay

Eamon Courtenay, P.U.P. Senator

“It is important Mr. President to understand what we said to the Cabinet of Belize because it is a complete answer to the insinuation that there was something corrupt going on. I said insinuation, just calm down. In the award, NEWCO alleged at the arbitration that the agreement was wrongfully terminated in order to be given to cronies. And I will now read Mr. President from paragraph one twenty: “The tribunal does not agree with this characterization. The decision to terminate the concession agreement was taken to Cabinet in 2003. After discussion of the paper that was submitted the Cabinet’s decision was not, I repeat, was not to afford the ruling People’s United Party the best of two worlds. In the campaign build up to the elections P.U.P.  could brag that it brought world class companies like Lufthansa to operate the airport, gain prospect acceptance and after the election assuming the P.U.P. terminate the concession and award it to a local group with no international airport experience but very strong relationship with the most important GOB officials including the Prime Minister. The cabinet’s decision was a request ‘permission to terminate relationship with NEWCO and Lufthansa Consulting and to negotiate exclusively with the Washington Group’. We had satisfied ourselves that the Washington Group could perform.  “And that if that fail to seek local investors, the tribunal Mr. President and my friend should listen carefully, “rejects NEWCO’s characterization of events as being a calculated decision to expropriate a worthy group of foreign for the purpose of replacing them with local, wealthy cronies of the ruling group within Belize.”

 

As part of the settlement agreement, Government agreed to pay NEWCO Belize in two equal installments of three million U.S. dollars each. The first installment is due on October thirtieth, 2018 while the second is due on September thirtieth, 2019.

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