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Berbice Bridge Company prepares to accept govt's subsidy to lower tolls

The Management of the Berbice Bridge Company Incorporated (BBCI) has indicated that they have submitted a proposal to the coalition government, accepting its proposed $40M subvention towards reduction of the toll, according to the Government Information Agency (GINA).

Minister within the Ministry of Public Infrastructure Annette Ferguson stated that indeed the proposal was sent by the bridge, indicating their willingness to accept the subvention being offered by the government, and that the document is with Cabinet currently being reviewed. It is expected that before the end of the week, feedback will be given.

Dr. Surendra Persaud who is a representative of the BBCI’s Board of Directors, said the proposal covers multiple aspects of the relationship between the BBCI and the administration.

“Our proposal deals with the subsidy and other aspects of the relationship of the bridge company and the government, reduced into a legal framework…while it is open to be amended, government still has to perform due diligence by ensuring they agree with the clauses of the proposal,”  Dr Persaud said.

Egbert Carter, BBCI’s Chairman indicated that whilst much was said regarding the inability of the company to readily accept the subsidy proposal, there was need to first notify the shareholders and “now that they would have agreed, we can accept the proposal made by the administration”.

The BBCI had first rejected the government’s offer of the financial support on the premise that its shareholders were not consulted on the matter. The government, in an effort to relieve the travelling public from paying high tolls, implemented river taxis. This mode of transportation was far cheaper and very successful, resulting in thousands of people, including school children utilising the boats.

The government’s proposal is that there be a reduction of the toll from $2200 to $1900 for passenger cars and buses, along with a 10% reduction for other classes of vehicles. However the bridge company will not lose, as the difference of the reduction will be borne by government.

The call to accept the government’s proposal comes a week after government announced that the administration will be seeking to acquire more shares in the BBCI.

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Like dem getting scared, of the government also restore ferry service.

What ever agreement is reached, the government should keep the water taxi.

It might keep the bridge authorities on dem toes, from any stupid move.   

Tola
Originally Posted by Tola:

Like dem getting scared, of the government also restore ferry service.

What ever agreement is reached, the government should keep the water taxi.

It might keep the bridge authorities on dem toes, from any stupid move.   

DDL offered to sell their shares,the other shareholders start

getting bassidy,so now the decided to lower the tolls.

 

The gov't need to look into how minority shareholders have

full control.

Django
Originally Posted by Django:
Originally Posted by Tola:

Like dem getting scared, of the government also restore ferry service.

What ever agreement is reached, the government should keep the water taxi.

It might keep the bridge authorities on dem toes, from any stupid move.   

DDL offered to sell their shares,the other shareholders start

getting bassidy,so now the decided to lower the tolls.

 

The gov't need to look into how minority shareholders have

full control.

If they want a fair deal, they should open their books.

But crooks have much to hide.   

Tola
Originally Posted by Billy Ram Balgobin:

This gov't. is wasting time trying to distort the image of PPP instead of trying to perform better than the PPP.

Sorry but did you not hear, the PPP already did it to themselves?

cain
Originally Posted by Tola:

Like dem getting scared, of the government also restore ferry service.

What ever agreement is reached, the government should keep the water taxi.

It might keep the bridge authorities on dem toes, from any stupid move.   

PNC scares no one.  they have to negotiate a subsidy to reduce tolls.  Keeping the ferry going is nonsense.  They have to drive volume to the bridge for the subsidy to work.  Taking away volume will result in a shortfall which will need to be covered with increased tolls.

 

People does talk for talk sake.

FM
Originally Posted by baseman:
PNC scares no one.  they have to negotiate a subsidy to reduce tolls.  Keeping the ferry going is nonsense.  They have to drive volume to the bridge for the subsidy to work.  Taking away volume will result in a shortfall which will need to be covered with increased tolls.

 

People does talk for talk sake.

lol

 

tell abee more . . . meh hear u does teach wan master class pan brayin fuh brayin sake

FM

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