Cabinet Green Lights Stake Bank Project

John Saldivar

And if there was still any doubt that Cabinet has given the green light to the proposed two hundred million dollar Stake Bank Project, senior Minister John Saldivar today dispelled those. When asked about support for the massive undertaking, Saldivar was clear that barring some minor concerns, as far as Cabinet is concerned the project is a go.

John Saldivar, Minister of National Security

“We certainly welcome the concept we welcome the investors that are trying to put these projects off the ground. And with everything else they need to go by the rules, they need to do their EIA and once they passed through the various processes; it’s a go. As far as I am aware cabinet is in support of the Stake Bank project. Not in its entirety, there are aspects in which we have some problems. We have to look at the tow causeways they are looking to build, cabinet is in agreement with at least one of them that leads to Belize city. But all of those things are up for and I believe the investor is in discussion with the technical people.”