NO. 168/2019 Date: December 5, 2019
BOLT – AN INITIATIVE TO RESTORE OLD GOVERNMENT FACILITIES
Government is pursuing the BOLT: Build, Operate Lease, Transfer arrangement as a policy direction for saving financial resources on the rental of Government’s facilities, while creating hundreds of jobs for Grenadians.
Prime Minister, Dr. the Hon. Keith Mitchell made this announcement during the just-concluded 2020 Budget Presentation at the Houses of Parliament in Mt. Wheldale.
Dr. Mitchell said that the BOLT arrangement for three long-awaited infrastructural projects will incur no upfront demands on the Government’s coffers. In fact, he said the value of the projects to private entities is an estimated US100 million and will create job opportunities for about 200 Grenadians.
The Finance Minister indicated that the private sector’s willingness to invest in our country is a testimony to its unmatched level of confidence in the local economy. However, the Prime Minister is even more heartened by the level of employment and economic activities these approved projects will generate.
Among the buildings which will be renovated under this initiative are: Governor General’s Residences, the Halls of Justice and the Police Headquarters.