Premier Confirms Audit On Controversial Cruise Pier Project

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Earlier this month Premier and Minister for Finance, Dr. the Hon. D. Orlando Smith re-emphasized Government’s intent to carry out an audit on the controversial cruise pier project. In fact the Premier announced that the selected company was ready to commence the audit.

Although a company has been selected, the Minister of Finance explained that the work has not commenced because there are still some details and parts of the agreement which both parties are working on.

The time frame for the audit will be about three months, the Premier stated in response to a question from the media on 3 May. At that time also said that he could not provide a cost for the audit because that was part of the details being worked out

When asked to share information such as the terms of reference given to show how government is asking the company KPMG to go about the audit, Premier Smith said that once the report is complete the terms of reference will be included.

In February Hon. Smith confirmed that $82M was expended on the cruise pier project and stressed that he has no intention of interfering with the audit that was commissioned to examine the project.

The Minister of Finance promised that the findings of the audit will be carefully reviewed and made public. He also assured that the $82M port expenditure includes the $8 million dollars that was advanced by the Central Government to the BVI Ports Authority.

“While I have no intention of interfering in the audit, I must make it quite clear to the public that the BVI Ports Authority and the ports for which it is responsible are wholly owned by the Government of the Virgin Islands as are all of our Statutory Bodies and Companies,” the Premier stated.

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