Finance Minister concerned Amaila Falls Project will be threatened

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Finance Minister, Dr. Ashni Singh.
Finance Minister, Dr. Ashni Singh.

Minister of Finance, Dr. Ashni Singh is concerned that the controversial Amaila Falls Project will be at threat, if it is not supported by the opposition parliamentarians.

In a press release yesterday, the Minister stated that critical deadlines are looming and expiration dates on certain commitments expire this year, as it relates to the project.

At this week’s sitting of Parliament, slated for Thursday July 18, two matters will be up for discussion, which includes a motion to increase the debt ceiling and amendments to the Hydro Electric Act.

In order for the Amaila Falls Project to move forward, the government will need the opposition parliamentarians to support the two motions.

“Government over the last few weeks has maintained a close engagement with the opposition, particularly APNU. A multitude of critical documents have been shared on a confidential basis. Despite repeated invitations, the AFC has declined Government’s overtures on the Amaila project. However, last Thursday, a group of AFC members engaged the GPL Board and management on matters relating to GPL and Amaila Falls,” the press release stated.

According to the press release, decisions on the matters at the upcoming Parliament meeting are critical to ensuring that the IDB timetable for the Board’s consideration of the transaction is achieved.

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