United Staff Celebration – To distract the general public from their borrowing of $1 Billion in 2 years and their disastrous determination to borrow $200 Million to rehabilitate the previous St Jude Hospital, the SLP is at present pushing a story that US$20 Million meant for St Jude Hospital was suspiciously transferred to an account in Panama.
These are the info:
- The principle contractor for the brand new St Jude Hospital mission was Abroad Engineering and Building Firm or extra generally generally known as OECC.
- OECC is a Taiwanese development firm that was integrated in Panama in 1998.
- OECC’s operation is especially targeted on the development of presidency assist and humanitarian assist infrastructures designed to enhance the dwelling surroundings, additionally create jobs and contribute to elevated financial development.
- OECC’s financial institution accounts are based mostly in Panama.
- OECC is owned by Abroad Funding & Growth Company (OiDC), which was established in 1995 to help the Taiwan authorities in enhancing its bilateral relationship with international locations it has diplomatic relations with and to satisfy its worldwide obligations.
- The brand new St Jude Hospital mission which was began by the UWP Administration was financed by the Taiwanese Authorities
- As a part of the phrases for receiving the mortgage for the mission, it was agreed {that a} Taiwanese development firm must be the principle contractor
- Like with most growth initiatives, the financing establishment pays the contractor immediately due to this fact funds related to the mission don’t essentially come into the consolidated fund. Instance: the Caribbean Growth Financial institution at present funds the Millennium Freeway Challenge. Funds for this mission are made immediately from CDB to the contractor accountable for the Millennium Freeway.
- For the HIA mission the strategy of fee is identical as the strategy of fee for St Jude Hospital. The mortgage is with Exim Financial institution and the Contractor is OECC.
As a substitute of publishing propaganda, the Authorities ought to concentrate on the multitude of points going through the nation just like the uncontrolled crime scenario, the excessive value of dwelling, the deplorable roads, the scarcity of remedy and primary provides at our hospitals and well being centres islandwide and the rising sense of desperation and hopeless that residents at present really feel.
