Table Valuation Reports and Memorandum of Agreement re Galleons Passage
Senate - 3rd Session - 11th Republican Parliament
WHEREAS the Government has acquired the Galleons Passage, a new inter-island Passenger Ferry in a procurement arrangement that did not include the Central Tenders Board;
AND WHEREAS the Minister of Finance has advised that the Government was guided in the amount it paid for the vessel by the valuation reports of two independent international firms;
AND WHEREAS it was discovered that one of the two firms that conducted the valuation is owned by the same company from which Government purchased the vessel;
AND WHEREAS in the interest of transparency and accountability in the procurement of the inter-island passenger ferry, several requests were made for the Minister of Finance to provide the Senate with copies of the Valuation Reports, the Memorandum of Agreement between NIDCO and the vendor of the vessel and the Dunn and Bradstreet Report on the Galleons Passage; yet none of these documents have been provided;
BE IT RESOLVED that this Senate call on the Minister Finance to table, within fourteen days, copies of the Valuation Reports, the Memorandum of Agreement between NIDCO and the vendor of the vessel and the Dunn and Bradstreet Report on the Galleons Passage.
(By Senator Wade Mark)