Procurement of Funds for New Court Complex in Final Stages

In January, we heard the Chief Engineer Evondale Moody describe how much infrastructural work the court building that once housed the Treasury Department underwent. Moody also spoke of the level of intervention that the other court building that faces the Battlefield Park also needs to undergo. Well, the construction of a brand new court complex will get underway next to the Eleanor Hall Finance Building on Chetumal Street, as soon as the procurement of funds and the design of the building are done.

 

Chris Coye, Minister of State, Finance

“I think that’s in its final stages with the Social Security Board. So far as I understand, the transaction documents as it relates to the equity subscription by Social Security. Those have been approved by the board and so the next, I believe the next step is towards concluding those. I believe if I recall correctly was around $50 million. It was contemplated [that] two additional structures similar to the existing one – the existing finance building – so it would be about a hundred thousand square feet additional space that would then consolidate, the government offices. One building would be used for the judiciary, so the judiciary will have a new home that includes the different levels of the judiciary. So that would have to be more customized. And then the second building would be for other government facilities.”