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Reply to "Berbice Bridge tolls stalemate … Make agreement public, pay off private investors – Ramon Gaskin"

Originally Posted by Danyael:
Originally Posted by Zed:

Government needs to resolve this matter. the investors should be given back their money and the facility be run like some  of the other public infrastructure in the country - at a minimal cost. 

They cannot simply give them back the money. The bridge would be tied up in court and would cause a backlash in the indian community as a greedy government taking away indian property.

 

Gaskins is right. The deal should be published and some of the lavish concessions taken back. Everyone should pay personal income tax. Government entities own some 90 percent of this bridge so they should receive dividends like any other investor.  They profit demanded on returns over 20 years is completely untenable. Publish the deal first than start taking back concession. Let them make market level returns on theirs or the U.S. money.

I do not see how the government doing as you suggest without the matter ending up in court with a strong possibility of the government losing unless they can legally show that the agreement was a product of corruption. I agree that the agreement must be published.

 

the backlash might come from the private sector or the U.S. And not so much from the ordinary citizen if they see they can benefit from government ownership of the bridge. What are some other alternatives? Maybe reconstitute the Board of Directors and have a greater say for the government? Force the company into bankruptcy and then acquire it? What are consequences for othe possible BOOT/PPP projects?

Z
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