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The_Honourable wrote:kstt wrote:$1.2 Billion Pt Fortin Hospital
To be fair... Point Fortin really needs a new hospital. That 1.2 billion tab was signed between T&T and Austria back in Jan 2015 and have to be carried out by whoever won the 2015 GE, meaning Rowley.
It is already on an overrun estimated to be 1.6 billion. In August, Austrian contracting firm VAMED threatened UDECOTT to leave the project as they were not paid on works done so far.
http://www.guardian.co.tt/news/2017-08- ... ct-walkout
Monkey Man wrote:speedist wrote:We jammin still.
saying this is lame now bro, i mean we are in september.
rt wrote: Vietnam orders execution of former oil exec in massive corruption purge
The former chairman of the state-run PetroVietnam has been handed a death sentence after being found guilty of embezzlement, intentionally breaking state rules on economic management and abusing his position and power.
Nguyen Xuan Son, who was arrested in 2015 by the previous administration of former Prime Minister Nguyen Tan Dung, maintains his innocence and will appeal the verdict.
In a mass trial of 51 senior officials and banking executives accused of graft and mismanagement which has resulted in losses of $69 million, the Communist Party of Vietnam has continued its massive crackdown on corruption within the country’s financial sector. This is the first time in years that the death penalty has been given to such a high-ranking official, however.
Vietnam has one of the highest rates of executions in the world according to Amnesty international and has only recently replaced firing squads with lethal injections.
“According to a report of the Vietnam’s Ministry of Public Security which became public in February 2017, 429 prisoners were executed between 6 August 2013 and 30 June 2016,” Amnesty wrote.
The_Honourable wrote:kstt wrote:$1.2 Billion Pt Fortin Hospital
To be fair... Point Fortin really needs a new hospital. That 1.2 billion tab was signed between T&T and Austria back in Jan 2015 and have to be carried out by whoever won the 2015 GE, meaning Rowley.
It is already on an overrun estimated to be 1.6 billion. In August, Austrian contracting firm VAMED threatened UDECOTT to leave the project as they were not paid on works done so far.
http://www.guardian.co.tt/news/2017-08- ... ct-walkout
ADONI wrote:The_Honourable wrote:kstt wrote:$1.2 Billion Pt Fortin Hospital
To be fair... Point Fortin really needs a new hospital. That 1.2 billion tab was signed between T&T and Austria back in Jan 2015 and have to be carried out by whoever won the 2015 GE, meaning Rowley.
It is already on an overrun estimated to be 1.6 billion. In August, Austrian contracting firm VAMED threatened UDECOTT to leave the project as they were not paid on works done so far.
http://www.guardian.co.tt/news/2017-08- ... ct-walkout
Doh play with them Pt Fortin people. They have a stockpile of tyres ready to burn for anything!
Pitch lake is la breaMonkey Man wrote:ADONI wrote:The_Honourable wrote:kstt wrote:$1.2 Billion Pt Fortin Hospital
To be fair... Point Fortin really needs a new hospital. That 1.2 billion tab was signed between T&T and Austria back in Jan 2015 and have to be carried out by whoever won the 2015 GE, meaning Rowley.
It is already on an overrun estimated to be 1.6 billion. In August, Austrian contracting firm VAMED threatened UDECOTT to leave the project as they were not paid on works done so far.
http://www.guardian.co.tt/news/2017-08- ... ct-walkout
Doh play with them Pt Fortin people. They have a stockpile of tyres ready to burn for anything!
LOL point fortin getting something? issa miracle yes. they only thing them know for is d pitch lake.
nervewrecker wrote:Pitch lake is la breaMonkey Man wrote:ADONI wrote:The_Honourable wrote:kstt wrote:$1.2 Billion Pt Fortin Hospital
To be fair... Point Fortin really needs a new hospital. That 1.2 billion tab was signed between T&T and Austria back in Jan 2015 and have to be carried out by whoever won the 2015 GE, meaning Rowley.
It is already on an overrun estimated to be 1.6 billion. In August, Austrian contracting firm VAMED threatened UDECOTT to leave the project as they were not paid on works done so far.
http://www.guardian.co.tt/news/2017-08- ... ct-walkout
Doh play with them Pt Fortin people. They have a stockpile of tyres ready to burn for anything!
LOL point fortin getting something? issa miracle yes. they only thing them know for is d pitch lake.
$3m upgrade for golf course
Joel Julien
Published:
Thursday, October 5, 2017
Despite a forecast of tough times as it justified new tax measures for citizens and the business community in Monday’s Budget, a $3 million upgrade to the Chaguaramas Golf Course is one of the new projects Government has decided to undertake in this fiscal year.
...Also defending the move was Chaguaramas Development Authority (CDA) chairman Gupte Lutchmedial, who said the golf course is one of the main assets in the region and can be a foreign exchange earner for the country. He said in its peak the CDA earned close to a million dollars a year from the golf course, but in 2015 that figure dropped to $292,000. For the fiscal year which ended on Saturday, the CDA earned $598,000 from the course after sprucing it up a bit, Lutchmedial said. He said ant upgrade of the course can help tackle the CDA’s financial woes....
shake d livin wake d dead wrote:178 milli on roadways in Moruga...smfh yes...thief hada thief
Dizzy28 wrote:shake d livin wake d dead wrote:178 milli on roadways in Moruga...smfh yes...thief hada thief
The problem is the sum or the area?
Shhhhhh! The stony shell of silence that surrounds Sandals’ entry into the sister isle
Afra Raymond Sunday 8 October 2017
With the support of my colleagues from Disclosure Today, I have been conducting research into the underlying commercial arrangements for the State-owned hotels in T&T. Those are the decisive details which drive projects of this nature and from which the substantial public benefits ought to flow.
The unhelpful responses from the various agencies with whom we engaged via the Freedom of Information Act only served to underline the degree to which the actual conduct of these large-scale public-private partnerships runs totally counter to the oft-repeated official statements about openness and having nothing to hide. The Ministry of Finance was the only public authority to give a prompt and clear response.
This proposed large-scale investment would require significant sums of public money to be committed to the project. That commitment would be via direct investment or lease rentals, tax/duty concessions and expensive externalities such as improvements in the water, sewerage and electricity services as well as the expansion of the facilities at the ANR Robinson Airport.
The main point here is that public money is raised via involuntary payments called taxation, which means that there must be certain rules for its proper use. The key one is that those funds must be managed and accounted for to a higher standard than private funds. Therefore, we need to consider the role of the public-private partnership (PPP) against that background.
Just try to imagine, for instance, the Massy Group CEO taking a proposal for a large-scale hotel to his Board for approval without any details of how the three hotels in which investments had previously been made had performed.
If you think that is improbable, just try to imagine the Board approving that fourth large-scale investment without insisting on being provided with the details of the previous investments.
According to the Minister of Finance, the Tobago Sandals project is being facilitated by this government. Is this large-scale investment by the State being advanced in accordance with private sector standards? Or is this yet another PPP in which the private sector takes a big capital cost off the public balance sheet and is repaid with risk-free returns?
There are other questions to be asked if we as taxpayers are to avoid that kind of totally undesirable—but not uncommon—outcome.
What are the actual terms being proposed for the Tobago Sandals project? And, most importantly, will these details be disclosed to the public before decisions are made?
A related question is this: Have any concessions—in addition to the series of tax and duty concessions which the Tourism Development Act already offers to developers and operators of hotels—been agreed for Tobago Sandals in respect of taxes, duties and/or employment of foreigners? Have the externalities been estimated in terms of costs and timing?
We also have to ask what has been the performance of the existing State-owned hotels. Given the varying management arrangements used for those hotels, what are the lessons learned in terms of crafting a new agreement? Has there been any feasibility test or any cost/benefit analysis of the proposed hotel?
And finally, there are the environmental issues to be considered. Given that the proposed site is an environmentally fragile one, has any environmental impact assessment been carried out for this project?
The red flags signalling potential improper conduct are very much in-your-face. Firstly, there is the decision to pursue the project with Sandals on the ‘Sole Select’ basis. Of course, it has to be acknowledged that this approach is not in breach of our laws but equally important is the fact that it can—and does!—produce uncompetitive results.
Secondly, the State appears to be entering into these negotiations without even the basic information as to the performance of its own hotel investments. That kind of lop-sided, blind-side negotiation arrangement is very common in situations which have ultimately been found to involve corruption.
That is why we need to continue insisting on disclosure, before decisions are made, of the details of this huge project,
Let me add two sidebars. The first we can call “Public Money.” In “Everything but the Truth,”—an article dealing with public money which was published on 10 June, 2014—I wrote the following:
“The leading learning from which we have drawn serious lessons is Lord Sharman’s 2001 Report to the British Parliament “Holding to Account,” which was a thorough examination of the definition, role and need for control of public money.
“We expanded on Sharman’s definition of public money so as to capture the full range of possibilities but we have accepted his key finding as to the requirement that public money is to be managed to a higher standard of accountability and transparency than private money […]. The contemporary, best-practice position in respect of the management of and accountability of public money being that the private sector rules are the bare minimum.”
Let’s call sidebar number two “Learning the Lessons.” One of the remarkable aspects of how these State-owned hotels are managed is the degree to which silos have been created. It seems clear that the management agreements and performance figures are closely guarded secrets, as shown by the response to our requests under the Freedom of Information Act.
Here are two striking pieces of information which should give pause: The state enterprise which has responsibility for both the Trinidad Hilton & Conference Centre and the Magdalena Grand is ETeck; its line ministry is Trade & Industry. The state enterprise which has responsibility for the Hyatt Regency is UDECOTT; its line ministry is NOT Trade & Industry but Housing & Urban Development!
Also of interest is that the THA has itself purchased several hotels over the last three years. Those details, though interesting, are beyond the scope of this article.
So I will say first that I am reliably informed that the management agreements and performance figures for these hotels are protected behind confidentiality clauses with such strict provisions that it is very challenging for entities within the state sector to get access to the information, far less the public.
My second point is that we seem to have no inclination to learn from our mistakes, so it is all too likely that the Tobago Sandals project will come under the management of yet another state agency.
If that happens, it will result in a further dispersal of our limited management experience in negotiating with these international hotel groups.
sMASH wrote:https://m.facebook.com/story.php?story_fbid=10156029819569411&id=326683984410rt wrote: Vietnam orders execution of former oil exec in massive corruption purge
The former chairman of the state-run PetroVietnam has been handed a death sentence after being found guilty of embezzlement, intentionally breaking state rules on economic management and abusing his position and power.
Nguyen Xuan Son, who was arrested in 2015 by the previous administration of former Prime Minister Nguyen Tan Dung, maintains his innocence and will appeal the verdict.
In a mass trial of 51 senior officials and banking executives accused of graft and mismanagement which has resulted in losses of $69 million, the Communist Party of Vietnam has continued its massive crackdown on corruption within the country’s financial sector. This is the first time in years that the death penalty has been given to such a high-ranking official, however.
Vietnam has one of the highest rates of executions in the world according to Amnesty international and has only recently replaced firing squads with lethal injections.
“According to a report of the Vietnam’s Ministry of Public Security which became public in February 2017, 429 prisoners were executed between 6 August 2013 and 30 June 2016,” Amnesty wrote.
hydroep wrote:Why am I not surprised?$3m upgrade for golf course
Joel Julien
Published:
Thursday, October 5, 2017
Despite a forecast of tough times as it justified new tax measures for citizens and the business community in Monday’s Budget, a $3 million upgrade to the Chaguaramas Golf Course is one of the new projects Government has decided to undertake in this fiscal year.
...Also defending the move was Chaguaramas Development Authority (CDA) chairman Gupte Lutchmedial, who said the golf course is one of the main assets in the region and can be a foreign exchange earner for the country. He said in its peak the CDA earned close to a million dollars a year from the golf course, but in 2015 that figure dropped to $292,000. For the fiscal year which ended on Saturday, the CDA earned $598,000 from the course after sprucing it up a bit, Lutchmedial said. He said ant upgrade of the course can help tackle the CDA’s financial woes....
http://www.guardian.co.tt/news/2017-10-05/3m-upgrade-golf-course
Golf Course and Stadium go save we. Say what, at least Baldylocks go have somewhere else to practice...
zoom rader wrote:PNM say treasury empty yet still some believe this crap.
Anyway all you vote dat
This dotish, smirking little arsewipe feel everbody either dotish, or are PNM sheep. Anyhow can't blame the little kant, he hadda find money to pay Emile Elias 
zoom rader wrote:PNM say treasury empty yet still some believe this crap.
Anyway all you vote dat
You now know this. They feel is a room full of moneyMonkey Man wrote:zoom rader wrote:PNM say treasury empty yet still some believe this crap.
Anyway all you vote dat
i have seen alot of pnm persons illustrate the fact that most of them dont actually know what is the treasury. They seem to believe its like a pirate treasure chest
eliteauto wrote:The water cannon is not costing 4.5M, read the article. It's one of the purchases under the subvention
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