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Senators endorse parliament's request for monies to undertake capital works

Contact:  Adhara King

Friday 23 September 2011 – Last week's sitting of the Senate saw the efficient undertaking of the country's business by government and independent senators.

Minister for Home Affairs and National Security Honourable Guy Mayers, who is the leader of government business in the Senate presented a motion to authorize the Minister for finance to raise US fifty million dollars by the issuance of savings bonds on the Trinidad & Tobago Capital Market.

The proceeds will be used to finance major road works, community development programmes, tourism marketing, the improvement of hospital infrastructure, and the national reconstruction programme among other national obligations.

“Madam President, we see that the $50 million will go a long way in improving the lives of ordinary citizens, to improve conditions for farmers, to pay for our tourism marketing, and also to better secure our country. And therefore I am very pleased, Madam President, to present this motion to the honourable house, thank you.”

The proceeds of the funds will also go towards the government's debt refinancing objectives.

Senators of the opposition were noticeably absent from the parliamentary chamber, however the day's proceedings were executed in a remarkably expeditious manner.

“I want to express my gratitude to the members of this honourable house for the smooth manner in which the business of the house was executed today. Although I missed the participation of my colleagues on the other side, because I would have loved to have their contributions to the debate on the motions and bills, unfortunately they have let the people of Saint Lucia down, and did not present themselves in the house to see about the affairs of the people of Saint Lucia.”01:23:49

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