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article under the tag
loan

June 12, 2025

Only 10% of $100m loan drawn down

Only $10 million of the government’s $100 million loan from CIBC Caribbean bank has been drawn down so far, according to Premier Natalio “Sowande” Wheatley. That $10 million was made …

Continue reading “Only 10% of $100m loan drawn down”

by Allison Vaughn
February 13, 2025

Residents sign up for solar

Residents and representatives from the government and the BVI Electricity Corporation signed multiple solar contracts last Thursday during the official launch of the Solar Technology and Energy Programme. Participants in …

Continue reading “Residents sign up for solar”

by Rushton Skinner
January 31, 2025

Two bids in for West End ferry terminal

Following a bumpy tender process that lasted nearly two years, the Recovery and Development Agency received two bids this month for the contract to construct the long-delayed new ferry terminal …

Continue reading “Two bids in for West End ferry terminal”

by BVI Beacon
October 3, 2024

Record loan set to revamp infrastructure

The government will soon borrow a record-setting $100 million from CIBC Caribbean bank to boost infrastructure and facilities seven years after the twin hurricane strikes of 2017, officials announced this …

Continue reading “Record loan set to revamp infrastructure”

by Shaun Connolly
September 19, 2024

Premier hopes Doughty visit will end threat of direct rule

A November visit by Britain’s new overseas territories minister will be a crunch moment in the ongoing effort to get London to lift its threat to impose temporary direct rule …

Continue reading “Premier hopes Doughty visit will end threat of direct rule”

by Shaun Connolly
April 26, 2024

$1.8 million to help fix worst roads

While government continues to consider the lone bid of about $37 million for 38 miles of roadwork across the territory, $1.8 million has been allocated to carry out remedial works …

Continue reading “$1.8 million to help fix worst roads”

by Rushton Skinner
May 22, 2020

$1m to kick off work at admin complex

In 2017 hurricane winds permanently stuck pieces of paper to walls and doorframes, and piles of unusable chairs and desks remain on every floor in a wing of the Ralph …

Continue reading “$1m to kick off work at admin complex”

by ZARRIN TASNIM AHMED
November 3, 2019

Premier tables downsized recovery plan

Government tabled a new Recovery to Development Plan during the Oct. 17 House of Assembly sitting, introducing a 33-page document that is designed to replace the previous 116-page plan that …

Continue reading “Premier tables downsized recovery plan”

by ZARRIN TASNIM AHMED
March 21, 2019

Governor explains the recovery loan delays

During a press conference on Friday, Governor Gus Jaspert emphasised the importance of recovery and development, including the £300 million United Kingdom loan guarantee that would allow the Virgin Islands …

Continue reading “Governor explains the recovery loan delays”

by GENEVIEVE GLATSKY
April 11, 2018

CDB $65.2m loan project launches

Douglas Fraser had just begun explaining the nuts and bolts of contract tendering: who is eligible, what constitutes a conflict of interest, what sets of rules dictate the selection process, …

Continue reading “CDB $65.2m loan project launches”

by Conor King Devitt

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