UK Entrustment Letter: Government of Bermuda and the Canadian Commercial Corporation concerning the Redevelopment of the Airport
Ministerial Statement to the House of Assembly
By The Hon. Everard T. Richards, JP, MP
Minister of Finance
28th November, 2014
Mr. Speaker, in my Ministerial Statement on November 21st 2014, I confirmed that the Government has received the appropriate Entrustment Letter from Her Majesty’s Government in the UK for Bermuda to contract with the CCC to redevelop the airport. This was despite the fact that a recent legal opinion established that a separate Entrustment was not necessary.
In accordance with Government’s commitment to transparency and in reporting to Parliament, I am today tabling this Entrustment Letter.
I can advise Honourable members that the Government is currently in discussions with the Governor on the terms and conditions specified in the Entrustment Letter and the Government commits to update this Honourable House on the outcome of these discussions in due course.
Thank you, Mr. Speaker.