Advertisement

PM touts importance of tax revenue funded infrastructure projects

 
Prime Minister Andrew Holness says the financing of the reconstruction of the Troy Bridge is a turning point for Jamaica, noting that the $230 million project was funded by tax revenues. 
 
The Troy Bridge, which was built in 1896, was damaged three years ago during the passage of Tropical Storm Grace.
 
During a tour of the reconstruction project on Friday, Mr. Holness said his administration plans to use tax revenues rather than borrowing loans to replace the country's aging infrastructure. 
 
He said, if the government continues to borrow money to invest in the country's infrastructure, it will result in fewer roads being built, and therefore it is committed to building the economy to generate enough revenues to fix aging infrastructure.
 
The iconic Troy Bridge linked several Trelawny, Manchester and St. Elizabeth communities.
 
Mr. Holness is also asking residents not to blame the country's two major political parties for the collapse of Troy Bridge.
 
Prime Minister Holness also responded to complaints from residents about the length of time it is taking to replace the Troy Bridge, noting that the government is not able to bypass procedures despite the situation being an emergency.        
 
 


comments powered by Disqus
Most Popular
Private sector groups call for banks to...
Businessman charged for breaches of the...
Monique Broughton appointed Chief...