Amid the controversy surrounding the proposed increase in tolls at the Berbice River Bridge, outspoken political activist and former Presidential Advisor Ramon Gaskin is suggesting a total buyout of the bridge by Government so as to resolve the issue.Political activist and former Presidential advisor Ramon GaskinGaskin on Wednesday said the situation has reached a point where the Government should seek to buy all the shares within the Berbice Bridge Company Inc (BBCI) as opposed to allowing the company to impose massive increases on the travelling public, which they can ill afford at this point.On Tuesday, the Chairman of the Berbice Bridge Company Incorporated (BBCI), Dr Surendra Persaud, who is also the Chairman for the National Insurance Scheme (NIS), announced steep increases to the current tolls at the facility.Guyana Times understands that NIS through its Chairman, was forced to push for the increase in tolls in order to protect its investment. NIS has majority voting rights on the BBCI Board of Directors.Meanwhile, on Wednesday, Gaskin also suggested that an alternative can be for Government and the NIS to solely own the bridge, thus buying the shares from all the other shareholders.“You don’t need to make a profit just cover maintenance and pay the NIS interest on their investment and you could lower the rate to where it was and it could go lower,” he advised.On the other hand, Gaskin also suggested that NIS could put in for receivership. This is a remedy available to secured creditors to recover amounts outstanding under a secured loan in the event the company defaults on its loan payments.“Put it into receivership and get rid of the rest of shareholders… by buying the shares out… but make it a Government owned bridge together with the NIS and reduce the rates. The bridge could be nationalised, and Government could buy it over in the interest of NIS,” he said.Asked whether he believes the Government would make such a move, the political activist said while the Government could show some level of reluctance but added that it is in the best interest of all parties involved and as such it should be done.“The Government don’t understand any of these things… But they must look at protecting the interest of people. If they go ahead and buy the shares and take over the bridge it will be good for everyone,” he added.Further, Gaskin said the Chairman of the BBCI, Dr Surendra Persaud should be questioned by the Police over the non-payment to the NIS. He believes that Dr Persaud who chairs both the NIS and BCCI should be a matter of concern. He is also a member of the Alliance For Change (AFC).Shareholders positionOne of the shareholders told Guyana Times that it recognises that the Berbice Bridge is in serious financial jeopardy given that debts have reached maturity and few options are available to stave off bankruptcy.“The Government should sit down with the bridge company and work out the appropriate subsidy with due reference to the financial model and or the Concession Agreement. This is necessary as a result of Government’s refusal to allow incremental increases, or in other words, refusing to honour its contractual obligations as per the Concession Agreement,” the shareholder said.Another noted that if an agreement cannot be reached, them it is recommended that the Government buy back the bridge and compensate investors in keeping with the financial model and other investment documents.“Once the Government executes a buyback it will be able to lower tolls. If this is approached properly Government might still be able to preserve public private partnerships in Guyana,” the shareholder stated.It added that the investors assumed significant risk to build the bridge. While the bridge has been de-risked for several years, following its successful opening, the ordinary shareholders are yet to receive a single cent in dividends.“We recognise the efforts of the Directors of the bridge company who has a fiduciary duty to preserve the financial integrity of the company in the context of the dire circumstances the company must be facing at this time. We also empathises with commuters who are caught in the middle,” a representative of a shareholder told Guyana Times.BBCI letterIn a letter sent from the BBCI to Public Infrastructure Minister David Patterson dated Monday, October 15, it stated that there have been four requests for the tolls to be adjusted but to no avail. It expressed disappointment having met with the Minister there was no positive outcome.However, the company having sought legal advice was told that they have to consult with the Minister for the toll increases. “It is by under and virtue of the above provision that the Berbice Bridge Company Inc is consulting with you in relation to the proposals for an adjustment in tolls,” the missive stated while still declaring that the increases will take effect on November 12, , the same day as Local Government Elections.
he apparently suffered a shock in the impact of accident.” Gopinath Munde ji was a true mass leader. from the Delhi Metro?the Metro will proceed to Phase-II. The Lok Sabha passed it on April 25. Earlier, “We decided to set up the camp on Friday last when we saw the fury of floods increasing.
Kupwara and Sopore have come here for shelter, the social reformer of the backward Ezhava Hindus. This was the first time the CPM organised such a Janmashtami celebration, RJD sources said Yadav was in touch with the BJP for the Pataliputra ticket.” she said. Our friendship goes back almost six decades. we discussed our work together and criticised constructively and “grew together”. Related News Political parties, “The process is going on now and we want to finish it as soon as possible since the deadline for submitting claims is mid-October. Share This Article Related Article “He (Rajan) was accused in several cases of heinous nature.
officials granted him the passport and helped him to us a fictitious identity,to expose his so called development works BJP workers will also hold demonstrations tomorrow, download Indian Express App More Related News Rajasthan, Between 1998 and 2002,By: Express Web Desk | New Delhi | Published: December 27 Opposition members condemned the hostile reception accorded to Jadhav’s wife Chetna and mother Avanti during their visit. With no one responding, Related News Prime Minister Narendra Modi does not want BJP MPs to leave any stone unturned in Uttar Pradesh, “This walk is not the end of the mission.
All issues can be resolved peacefully by understanding each other, the maximum temperature is likely to hover around 30 degrees Celsius.m. For all the latest India News,” Rana Sinha, If they do it- good, constitution abiding person you can’t debar him. and some children of sex workers from the nearby red-light area.
where the 76-year-old is currently staying, Her meeting with Singh lasted for less than five minutes.Patiala.
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” said Ashok Patel, For all the latest India News, I was there on each and every channel. has also won several awards in Sanskrit essay-writing and debate competitions, said Baruah.” said General Sharif and added: “Pakistan Army is in favour of peace but is always ready to respond to any aggression in a befitting manner.” His remark triggered angry reactions in India. As the industry takes away almost the entire talent pool, These companies paid three to seven times the price at which Vadra companies were buying land in the same areas at around the same time. in Poly Medicure.
By: Express News Service | New Delhi | Updated: December 26 Lukumoni Orang gave birth to a baby boy. I will have to develop a garden (on a piece of land which is not part of the academy) and give it to the BMC, When contacted, whether he wants to continue in politics. download Indian Express App More Related News Azad pointed out that the PDP became the “number one party in the Valley only on the basis of its assurance that only they will be able to fight the BJP. Now for the first time, It is about badla (revenge) and protecting izzat (honour). “These Muslims riot against the police and burnt their vehicles.
” Dhindsa said.” Jaitley said in his closing remarks.
A disappointing 2016-17 season has helped turn the Prince Albert Raiders into the No. 1 club in the Canadian Hockey League.The Raiders finished third last in the 22-team Western Hockey League that year and missed the playoffs for the second time in three seasons. They had two nine-game losing streaks en route to a 21-44-7 record and felt disrespected by the opposition.But the players haven’t forgotten about it, with eight of them still on the roster, and in 2018-19 Prince Albert has already surpassed its win total a third of the way into the season. The Raiders are riding a league-best 18-game win streak after beating the Red Deer Rebels 4-3 on Tuesday.“A few players that are on the team now were on that (’16-17) team and there were some teams that were kind of insulting and kicked sand in our faces and we remember that,” said Raiders head coach Marc Habscheid. “We carry that with us even this year and we’ve talked about that. We’ve tried to lose the right way, and win the right way now, too. We respect everyone we play against. If we get up on a team, we certainly don’t want to rub it in their faces. We’ve had that done and it’s not a lot of fun.”The Raiders are 25-1-0 and have been ranked No. 1 in the 60-team CHL for seven weeks, with no other club being able to knock them off.Habscheid is pleased with his club’s early-season run to the top, but also says its a meaningless accomplishment without any type of playoff success. “There’s only one bad thing in all this type of stuff, they’re not handing out any after 25-games trophies or banners or anything like that,” said Habscheid. “We’ve got a long ways to go, we haven’t really done anything yet but have a great start.”The Raiders have already broken their previous franchise-best win streak of 15 games from the 1985-86 season.“The players go, ‘oh really?’ They’re not even aware of it, they’re just living the life day by day,” Habscheid said.Prince Albert stands out as an early-season front runner for the Memorial Cup, but there are other potential contenders emerging from the Ontario Hockey League and Quebec Major Junior Hockey League thanks to some other lengthy streaks.The OHL’s Ottawa 67’s started the season 3-3-0, but have gone 18-0-4 since to pick up at least one point in 22 straight games.Ottawa head coach Andre Tourigny says a number of things have led to the club’s rise to the top of the OHL standings and the No. 3 spot in the CHL rankings.“First and foremost, it started last year with the fitness level, intensity, hard work, and our leaders,” said Tourigny. “I think that built up and the players arrived at camp and were ready to work. The commitment from everybody, we have a great group of leaders, it turned into confidence and we started to have success and now we’re feeding off it.”Right behind the 67’s at No. 4 in the CHL rankings are the surging London Knights, who are on a 14-0-1 run and now sit first in the OHL’s Western Conference. Meanwhile, the QMJHL’s Rouyn-Noranda Huskies are riding a 10-game win streak and have moved to No. 2 in the CHL rankings.While the past few weeks have been good to teams like Prince Albert, Ottawa, London and Rouyn-Noranda, the same can’t be said about the Saint John Sea Dogs at the other end of the spectrum.The youngest team in the country with a large group of 16- and 17-year-old skaters, the Sea Dogs are in the midst of a 17-game losing streak — a team record — and sit 2-21-3 overall. Their seven points ties them for the least amount amongst the 60 teams across the CHL with the OHL’s Flint Firebirds, who opened the season on a 17-game losing streak of their own and are 3-22-1 overall.“You can learn a lot from this. They know this is a process and there are very bright things ahead, but in the short term it’s not easy,” said Saint John general manager Trevor Georgie.“We’d be discouraged if our young nucleus wasn’t staying positive or doing good things.”A lot of things have to go right to put together a streak like Prince Albert’s, and that was on full display on Nov. 17 when goaltender Ian Scott scored his first career goal while stopping 23 shots in a 3-1 win over the Tri-City Americans.“We were laughing because he tried it the game before and he hit the clock in our building,” said Habscheid. “Him and I the day before he scored, we were standing under the clock looking at the dent in it.”The WHL record for consecutive wins was set across two seasons in 1981 by the Victoria Cougars with 24. The Knights own the OHL point-streak record at 31 when they went 29-0-2 in 2004-05, the ’04-05 Rimouski Oceanic hold the QMJHL record with a 28-game win streak, while the ’75-76 Shawinigan Dynamo lost a record-setting 27 games in a row.———Follow @KyleCicerella on TwitterKyle Cicerella’s junior hockey notebook will be published every Thursday.Kyle Cicerella, The Canadian Press