Property Matters – Tobago Sandals part three

Last week’s article outlined the research I have been conducting, with the support of my colleagues from Disclosure Today, into the ‘Underlying Commercial Arrangements‘ of the State-owned hotels in this country. Those are the decisive details which drive projects of this nature and from which the substantial public benefits ought to flow.

Details of the unhelpful responses from the various agencies with whom we engaged via the Freedom of Information Act only went to show that the actual conduct of these large-scale public private partnerships were virtually opposite to the repeated statements about openness and having nothing to hide. The Ministry of Finance was the only public authority to give a prompt and clear response.

SIDEBAR: Public Money

As I stated in ‘Everything but the Truth‘, published in this space on 10 June 2014, in relation to Public Money –

“The leading learning from which we have drawn serious lessons is Lord Sharman’s 2001 Report to the British Parliament ‘Holding to Account‘, which was a thorough examination of the definition, role and need for control of ‘Public Money‘. We expanded on Sharman’s definition of ‘Public Money‘ so as to capture the full range of possibilities, but we have accepted his key finding as to the requirement that ‘Public Money‘ is to be managed to a higher standard of Accountability and Transparency than Private Money – see 2.23 on pg 15. The contemporary, best-practice position in respect of the management of and accountability of Public Money being that the private sector rules are the bare minimum.”

This proposed large-scale investment would require significant sums of Public Money to be committed to the project. That commitment would be via direct investment or lease rentals; tax/duty concessions and expensive externalities such as improvements in the water/sewerage and electricity services or the expansion of the Crown Point Airport facilities. Continue reading “Property Matters – Tobago Sandals part three” →

AUDIO: INDABA interview with Shabaka Kambon – 27SEP2017

AUDIO: INDABA interview with Shabaka Kambon – 27SEP2017

talkcity_logo_03Shabaka Kambon on his programme, INDABA- The Place Where Knowledge Grows, on ‘Talk City’ 91.1 FM interview Afra Raymond on the CL Financial bailout. In the discussion with him is the esteemed, Dr. Claudius Fergus. Audio courtesy 91.1 FM
Programme Date: 27 September 2017
Programme Length: 00:47:15

 

Property Matters – Tobago Sandals part two

This Season of Reflection closes with yet another Sankofa Moment in which I will contemplate our past efforts so as to better understand our future. This huge project is being promoted, at the highest levels, by highly-optimistic and quite ambiguous statements.

The entire effort is based on notions of government having nothing to hide and the huge benefits to be derived from this project, albeit on rickety estimates. My colleagues and I have been engaged in a research program on these very issues for the last year. Our preliminary results pose a serious challenge to the notion of there being nothing to hide. In my view nothing could be further from the truth, that is how serious this is.

3hotelsThe three largest hotels in our country are State-owned – Trinidad Hilton & Conference Centre; Hyatt Regency and Magdalena Grand – with the hotels operated via Management Agreements. Our formal attempts to obtain information were met with a type of evasion and unresponsibility which was staggering. It reminded me of the infamous ‘Code of Silence‘ which belies the CL Financial bailout fiasco. No room for surprise there, after all, ours is a small country. As one of my confidantes often quips – It is like an Eleventh Commandment – ‘Thou shalt not be found out!‘ Continue reading “Property Matters – Tobago Sandals part two” →

Property Matters – Tobago Sandals

Property Matters – Tobago Sandals
  1. User groups and other interest groups should be properly consulted on decisions regarding public building projects, to ensure that relevant views can be expressed at the appropriate time and taken into account before decisions are made…
    (The emphasis is mine)

— 2010 Uff Report into the Construction Sector.

Is there a link between the Uff Report and Tobago Sandals? Is Tobago Sandals such a unique opportunity that we ought to adopt unique standards to assess its costs and benefits? What are the various benefits being proclaimed by the supporters of that project? This article will examine some of those claims against the factual background.

I returned to the large-scale and controversial proposals for Tobago Sandals by using that important Uff Report recommendation as my opener. The Uff Enquiry into the Construction Industry arose due to strong protests and complaints from the JCC, T&T Transparency Institute, myself and other individuals. One of the most decisive voices calling for those operations to be probed was Dr Keith Rowley, who was at that stage at loggerheads with his colleagues in government. I think Dr Rowley gained considerable kudos for taking a stand against the improper practices of his colleagues in that area. Continue reading “Property Matters – Tobago Sandals” →

Finding the Ferry Facts

Finding the Ferry Facts

The Tobago Ferry issue has gone from bad to worse, with at least four inquiries underway. There are now inquiries being done by:

  1. the Integrity Commission;
  2. PWC, on behalf of the Port Authority Board;
  3. Christian Mouttet and of course,
  4. the ongoing live spectacle at the Joint Select Committee (JSC) of Parliament on Land & Physical Infrastructure.

Continue reading “Finding the Ferry Facts” →

CL Financial bailout – the Caribbean Connection Part Two

CL Financial bailout – the Caribbean Connection Part Two

The previous article set out my criticism of the CLF bailout situation in respect of the CARICOM claims and our nation’s treaty obligation to exercise non-discrimination in its policies. In that light I am sceptical of the position now being advanced by the CLF shareholders to highlight that group as being a black-controlled conglomerate. My scepticism was rooted in the apparent refusal or failure of either the CLF shareholders or the T&T State to accept responsibility to meet CARICOM claims arising from the 2009 collapse of CLF.

I am stating here what seem to be the four indispensable elements of an equitable settlement to this CLF bailout.   Continue reading “CL Financial bailout – the Caribbean Connection Part Two” →

CL Financial bailout – the Caribbean Connection

My previous article examined the November 2007 appointment of Karen Nunez-Tesheira as our Minister of Finance by then PM, the late Patrick Manning. For whatever reason, the consternation over the appointment of Christian Mouttet to investigate the #ferrygate imbroglio is reminding me of the confusion many people felt when PM Manning made that appointment. An eerie echo from the past, in this, The Season of Reflection.

This article appears the day before the anniversary of T&T’s 55th Independence Day. This week I examine the recent claims by the CLF group and its supporters as to its Black origin and so on. Those claims can be summarised as:

‘CLF is a black-owned and controlled conglomerate which has fallen into some difficulty and had to seek a bailout…it would be a tragedy to have such a company destroyed by liquidation or otherwise by the sitting black government’

This is emerging as a key element in the Duprey campaign, so it has to be seriously scrutinised by looking at the origins of CLF, the current stance of its shareholders and the pan-Caribbean aspects of this issue. Continue reading “CL Financial bailout – the Caribbean Connection” →

Opening Addresses at Public Corruption and The Oil Curse in Guyana

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I gave both opening addresses at the conference organised by the Caribbean Institute of Forensic Accounting (CIFA), the Guyana Oil & Gas Association and the African Business Roundtable at the Pegasus Hotel in Georgetown. I have also attached the slides for ease of reference.  Continue reading “Opening Addresses at Public Corruption and The Oil Curse in Guyana” →