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Sep 13, 2022

Lord Ashcroft Threatens Arbitration Over Port Expansion Project

Michael Ashcroft

Lord Michael Ashcroft has reportedly indicated intentions to bring a treaty claim against the Government of Belize over Waterloo’s proposed port expansion project. Reports are that earlier this year, Ashcroft wrote to Prime Minister Briceño, allegedly threatening arbitration over what he reportedly deem to be a breach of the 1982 UK- Northern Ireland- Belize treaty for the promotion and protection of investments. Over the weekend, Prime Minister John Briceño responded to these reports. Here is what he had to say.

 

Prime Minister John Briceño

Prime Minister John Briceño

“That’s his right, anybody can take us to arbitration. In this case I don’t think its arbitration, he said that he was considering and he’s not done it so far. Suing government using the treaty between Great Britain and Belize about, for want of a better word, freedom for investments and he felt that Waterloo was not being given a fair shot and that’s his right like any other citizen but in this case him being a British citizen also taking advantage of that treaty that was signed by both countries.”

 

Paul Lopez
“One of your Cabinet members, or at least one of your parliamentary colleagues, the area representative for Port Loyola, has publicly declared his support for the port expansion. What does that mean for you, his public support, does it hold any weight in the government’s support for this project?”

 

Prime Minister John Briceño

“Well, he is the area representative for the port and he believes it will create jobs for the people, especially the people who live in the Port Loyola area, obviously he’s doing what he thinks is in the interest of the area that he represents, his constituency, so I think kudos goes to him to be able to say, well, I want to support this project.”


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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