Leader of Opposition: Not Enough Transparency Around Purchase Of Dams

But the Prime Minister should not expect to have the support of the opposition. Though the PM met with Opposition Leader Tracy Panton yesterday to discuss the major acquisition, she sent out a statement this afternoon saying, quote, "the question remains: why the rush to finalize such a multi-million-dollar transaction without full disclosure to the Belizean people?
Where is the independent valuation that provides the cost-benefit analysis to justify this massive undertaking? Where is the regulatory review that ensures due diligence has been observed?
And where is the exit plan for the so-called "secondary domestic offering"; or, will this become yet another opportunity for politically connected insiders to benefit from a public acquisition?
The Belizean people deserve to know whether this deal will actually result in lower electricity costs for consumers and more affordable energy inputs for the productive sector.
The Government's own reference to a "special budgetary appropriation" signals, in plain terms: more borrowing, more debt, and a heavier burden on the backs of hardworking Belizeans.
Belizeans are not opposed to national ownership. We are opposed to secretive and unaccountable governance that leaves taxpayers with more questions than answers." End quote.