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 …
June 12, 2025
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 …
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 …
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 …
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 …
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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 …
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 …
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 …
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 …
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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, …
