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 The NAPA Failure!!

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Honeylu
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Join date : 2011-01-27

PostSubject: The NAPA Failure!!    Wed Oct 05, 2011 7:57 am

Failure!! Look at money gov’t have to spend to do remedial works.


Dookeran: $207M Chinese loan for NAPA
By Andre Bagoo Tuesday, September 13 2011

TO PAY for remedial works done on the National Academy for the Performing Arts (NAPA), the State has agreed to a loan extension to the tune of $207 million from the Export-Import (EXIM) Bank of China, Finance Minister Winston Dookeran disclosed yesterday.

“We recently concluded an agreement with respect to the NAPA project for an extension to that project,” Dookeran told Newsday moments after attending the opening ceremony for the Third China-Caribbean Economic and Trade Cooperation Forum held at the Hyatt Regency, Wrightson Road, Port-of-Spain.

Asked to explain the purpose of the extension, Dookeran said the loan was to pay off remedial works.


http://www.newsday.co.tt/politics/0,147151.html
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