Local News
Nine Firms Vie for West End Ferry Terminal Construction Project
Nine firms have once again submitted their bids for the prequalification process of the West End Ferry Terminal rebuild. With the August 31st deadline now passed, these firms are hoping to secure a spot in the construction project. Interestingly, this time around, there is a new group of firms vying for the opportunity.
The submitted bids will now undergo a rigorous evaluation process conducted by a panel of experts. The objective is to identify a shortlist of firms that will be invited to participate in the bidding process for the construction works. The Rebuild Dominica Authority (RDA) has assured stakeholders that an update on the progress of the evaluation and shortlisting will be provided soon.
It is worth noting that this is not the first attempt by the RDA to find suitable contractors for the construction phase of the West End Ferry Terminal. On June 9th, the RDA received nine submissions, but unfortunately, none of the contractors met the prequalification requirements. Consequently, the prequalification process was re-tendered, and a new deadline of August 31, 2023, was set.
Looking ahead, it is expected that invitations for bids will be issued in September of this year. The RDA is committed to ensuring a fair and transparent selection process, with equal opportunities for all interested firms.
The West End Ferry Terminal rebuild is a project of great significance as it aims to enhance the transportation infrastructure and improve the overall experience for ferry passengers. As the evaluation and shortlisting process commences, stakeholders eagerly await the announcement of the firms that will proceed to the bidding phase.
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British Virgin Islands Financial Services Commission Welcomes New Leadership
The British Virgin Islands Financial Services Commission (BVIFSC) has announced new appointments to its governing board, with Mr. Gerard St Clair Farara KC stepping in as Chairman and Ms. Patlian Johnson as Commissioner. The appointments, confirmed by the Ministry of Financial Services, Labour, and Trade, mark a new chapter for the commission as it seeks to strengthen the territory’s financial services sector.
Mr. Gerard St Clair Farara KC has been appointed to a three-year term as Chairman, effective August 1, 2024. A seasoned legal expert with a distinguished career, Farara currently serves as a Commercial Court Judge for the Eastern Caribbean Supreme Court and leads the litigation team at the BVI office of COLLAS CRILL, formerly Farara Kerins. Farara’s prominence in the legal community is further highlighted by his appointment as Queen’s Counsel in 1996, cementing his standing as a leading figure in the Virgin Islands Bar and the broader Eastern Caribbean.
Ms. Patlian Johnson will serve a one-year term as Commissioner, also beginning on August 1, 2024. Johnson, a Strategy and Policy Advisor with extensive experience, currently holds the position of National Coordinator for the UNDP Project Office. She brings an impressive academic background, including a Master of Science in Economics and Finance from the University of Bristol and a Bachelor of Science in Economics and Accounting with First Class Honours from the University of the West Indies, Cave Hill Campus.
The pair will replace outgoing Chairman Mr. Robin F. Gaul and Commissioner Mr. Melvin A. Turnbull, whose terms have concluded. Minister of Financial Services, Labour, and Trade, Honourable Lorna G. Smith, OBE (AL), praised the new appointments, stating, “I am delighted to welcome Mr. Farara and Ms. Johnson to the BVIFSC Board of Commissioners. Their combined expertise will be invaluable as we continue to navigate the challenges and opportunities facing the financial services sector.”
Smith also expressed gratitude to the departing board members for their significant contributions to the growth and stability of the territory’s financial services industry. According to the Government Information Service (GIS), these appointments underscore the Virgin Islands’ commitment to maintaining a well-regulated and competitive financial services sector.
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