Government Strikes Deal to Acquire Port of Belize at Reportedly Half the Asking Price

Government Strikes Deal to Acquire Port of Belize at Reportedly Half the Asking Price

As we noted, the government is reportedly acquiring the Port of Belize at a massive discount.  While Ashcroft wanted 370 million Belize dollars for the Port, and just over two hundred million Belize dollars for the arbitration awards, government was able to negotiate those asking figures to an estimated fifty percent lower.  Prime Minister Briceno noted that the negotiations were intense, considering the king’s ransom that Lord Michael Ashcroft was proposing.

Interestingly, the Port of Belize’s history dates back to July 1980 when it was first opened under the then Minister or Works, Fred Hunter. 

Related post

Family Desperate as 14-Year-Old Nelly Diaz Missing for 48 Hours: Public Urged to Help

Family Desperate as 14-Year-Old Nelly Diaz Missing for 48…

It has been more than 48 hours since 14-year-old, Nelly Maria Diaz, left her home in Santa Cruz Village in the…
San Pedro Columbia Village Rejects Mayan Land Rights Policy

San Pedro Columbia Village Rejects Mayan Land Rights Policy

In recent weeks, we’ve seen numerous Mayan communities from southern Belize clamor for communal land rights, but over the weekend, one…
NTUCB Boycotts IMF Meeting Over Approach Towards Public Officers

NTUCB Boycotts IMF Meeting Over Approach Towards Public Officers

The National Trade Union Congress of Belize (NTUCB) has taken a stand against the IMF and has opted not to meet…

Leave a Reply

Your email address will not be published. Required fields are marked *