News
Portion of CDB loan to go towards new West End Ferry Terminal Project- VI Gov't
WEST END, Tortola, VI- The Government of the Virgin Islands (GOVI) has received financing from the Caribbean Development Bank (CDB) in an amount equivalent to US$65,291,000, and some will be allocated for the construction of the West End Ferry Terminal.
Hon Lorna G. Smith is Acting Premier & Minister of Finance
ROAD TOWN, Tortola, VI- Deputy Premier and Minister for Financial Services, Labour and Trade, Honourable Lorna G. Smith, OBE (AL), has been appointed to act as Premier and Minister of Finance from June 18 to June 21, 2023, while Premier Dr the Hon Natalio D. Wheatley (R7) is away from the Virgin Islands.
CDB 'pleased to directly engage' VI Gov't & 'strengthen relationship'- CDB President
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has met with officials of the Caribbean Development Bank (CDB) as the Government of the Virgin Islands (VI) moves to strengthen its relationship with the lending institution.
Final phase of Fish Bay road works begin; Road closed
FISH BAY, Tortola, VI- The final phase of works on the Fish Bay Road Rehabilitation Project is underway as the Government of Virgin Islands (VI) moves to mitigate flooding in the area.
BVIEC receives $600K CDB technical assistance grant
LONG BUSH, Tortola, VI - The BVI Electricity Corporation (BVIEC) has successfully secured a Technical Assistance (TA) grant funding from the Caribbean Development Bank (CDB) to the tune of US $600,000 from a wider CAD $5M (UD $3.93) pool.
Territory's first satellite emergency centre installed @ East End/Long Look Fire Station
EAST END, Tortola, VI- The East End/Long Look Fire Station has been reopened for some months now; however, the Rotary Club of Tortola did the final touches on the facility last weekend, which paved the way for the Department of Disaster Management (DDM) to install emergency satellite equipment.
Business school to be launched in March - Premier Fahie
FISH BAY, Tortola, VI- In keeping with the Virgin Islands Party (VIP)-led administration’s aim to create 1000 jobs in 1000 days, Premier and Minister of Finance Honourable Andrew A. Fahie (R1) said persons desirous of becoming business owners would have an educational facility for that purpose shortly.
New CDB backed revolving fund created for young entrepreneurs
BAUGHERS BAY, Tortola, VI - Young entrepreneurs in the Virgin Islands (VI) will soon be able to access special business financing from the Caribbean Development Bank (CDB) through the National Bank of the Virgin Islands as part of a new revolving fund to boost local entrepreneurship.
'VI needs greater access to funds to successfully recover'- Premier Smith
ROAD TOWN, Tortola, VI- “My meetings in Washington DC were positive and secured confirmations from partners such as the CDB and the EU to support finding responsible ways to fund our recovery,” stated Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) on October 19, 2017.
Few local contractors may qualify for Parham Town Rd. Project- Consultant
EAST END, Tortola, VI - Consultant with FDL Consult Inc., Mr Gilbert Fontenard said he sees some aspects of the procedures of the Caribbean Development Bank (CDB) funded Parham Town rehabilitation project as possible "bone of contention" going forward. He is the consultant hired for the project.
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