TB repaying loan through passenger taxes – O’Neal
Mr. O'Neal said BVITB is repaying its loan. Photo: GIS
ROAD TOWN, Tortola, VI – The $3M loan to the BVI Tourist Board (BVITB) in 2010 by the Ports Authority is being repaid from funds accumulated from passengers’ taxes.
In an exclusive interview with VINO this afternoon August 20, Managing Director of the BVI Ports Authority Vincent O’Neal said, “The monies collected go directly to our account”.
Prior to that arrangement, the Ports Authority only received 50 percent of the revenue that Government collected on its behalf, but since the loan the Ports Authority gets everything.
“So I can safely say we are being repaid, which began in August 2010,” Mr. O’Neal added.
Passenger taxes range from $5 to $20.
In May 2010, it was revealed in the Standing Finance Committee report that Premier Ralph T. O’Neal, who also holds the portfolio of Tourism Minister, asked the Ports Authority to advance $3M to the BVITB in an effort to shave off a $6.1M debt it had incurred.
The Ports Authority falls under the Premier’s Office.
7 Responses to “TB repaying loan through passenger taxes – O’Neal”
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Good that they are paying back Old father…now what are they doing with the loan is the question????
To pay off their debts of course
who ask you DUHHH?
So happy we aint got the funny man at the tourist board to waste dey $$$$$…but school children say Melee is rat minding cheese!!!!!
Good to know that there’s transparency.
seems like old father doing a better job there than he did at the immigration department!
Do better job my a$$$ all he doing is hiring every guyanesse because his woman from there .He cant talk to the native how he want so he hiring expart show who is boss around there.