No Deadline Yet For Audit Of $82.9 Million Cruise Pier Project


The KPMG audit commissioned last year to, among other things, determine how the Cruise Pier Project estimated to cost in the region $50M ballooned to $82.9M is still ongoing.

Last year Premier and Minister for Finance, Dr. the Hon. D. Orlando Smith admitted that $82M was expended on the cruise pier project; and at that time indicated that international firm KPMG was commissioned to carry out a full audit of the expenditure. However, in an update on 12 May Premier Smith did not say when the process – expected to be completed in three months – will meet its deadline.

During the questions and answers segment of the 12 May sitting of the House of Assembly Leader of the Opposition Hon. Andrew Fahie asked the Premier to tell the House if the audit was completed and if not the reasons for the on-going delays and the expected completion date.

In response, Premier Smith announced that the audit continues with no fixed date of completion because the process is largely dependent on the time required to thoroughly review and analyse the large volume of documents that KPMG has to filter through before they can produce a report of their findings.

In further explaining the delay, the Minister for Finance said: “there have been some challenges in identifying all of the relevant documents requested just given the sheer volume of the exercise, but the Government and the BVI Ports Authority have been and continue to work with KPMG to ensure that all of the requested information is being provided.” Premier Smith assured that once the audit has been completed the information will be provided to the House of Assembly.

Questions about the status of the audit was previously put to Premier Smith in the House of Assembly on 20 April by Leader of the Opposition. During that sitting Hon. Smith did not indicate when the audit commenced. Instead he noted that the process was on going.