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Tuesday, July 15, 2008
Trinidad and Tobago will be paying $78 million towards the construction of an international airport in St Vincent and the Grenadines which had requested US$10 million to start building the runway. The money from Trinidad and Tobago will be coming out of what Prime Minister Patrick Manning has called "a special window of $6.5 million per month for infrastructural development in Organization of Eastern Caribbean States countries such as St Vincent within the Caricoms Petroleum Stabilization Fund, the Manning administration established in 2005. The fund was originally created to "assist, principally, with poverty alleviation and to provide relief in emergency situations" within Caricom, but the special window was created after Gonzaless request for money for the airport project did not meet the established criteria for accessing the fund, towards which his country pays $420 million per year.
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