TCI News

Grand Turk Infrastructure Fund draft MOU approved by Cabinet, Harvey-Basden to represent TCI on executive board

#GrandTurk, September 18, 2018 – Turks and Caicos – The heavily touted Grand Turk infrastructure fund, which is a consolidation of money from the Turks and Caicos Islands Government and Carnival Cruise Line Corporation needs to be spent, everyone agrees and during Cabinet meeting last week it seems government is inching closer to actually, finally spending it.  A draft letter of understanding is, at last, approved.  Still it is subject to amendments when it comes to actually managing that Infrastructure Improvement Account.

Representing the Turks and Caicos Islands on the executive committee which will determine how, the over, $7 million will be meted out is the Permanent Secretary of Finance, Athenee Harvey-Basden.

Additionally, the idea of Carnival Cruise Lines which owns the Grand Turk Cruise Center, doing even more is being broached.  Cabinet explains that “ a Letter of Understanding between TCIG and Carnival Corporation relating to disaster shelter development on Grand Turk which could be also used for community activity when not required for disaster-related purposes” is agreeable to TCIG.

 

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