BRADES, Montserrat – The Honourable Premier Reuben T. Meade says his administration continues to deliver the goods to put Montserrat on the path to self sustainability.
In a statement released today, Premier Meade said the Government of Montserrat has satisfied all the conditions established for the approval of the single programming document with the European Union, which he signed on Tuesday along with Ambassador Valeriano Diaz, Head of Delegation of the European Union to Barbados and the Eastern Caribbean.
The EU will give Montserrat 55.9 million Eastern Caribbean Dollars under the 10th European Development Fund (EDF) programme towards its capital development programme.
“It is the culmination of discussions and negotiations with the EU which was finally agreed in February 2012 during our most recent visit to Brussels. The funds have been allocated to the Port Development Project and Little Bay Development. The total allocation is 15.6M Euros to be disbursed in three tranches. In order to facilitate the draw down one of the targets to be met is the signing of a construction contract for the port project by mid June of 2013. Continue reading →