Tue | Sep 25, 2018

Works minister says he would have treated Krauck MOU differently

Published:Wednesday | April 22, 2015 | 3:39 PM
Dr Omar Davies.

Transport, Works and Housing Minister, Dr Omar Davies, is suggesting that Investment Minister, Anthony Hylton, who made the announcement that two foreign entities wanted to pump US$5 billion into the logistics hub initiative, said more than he should have.

The announcement resulted in questions on social media and by civil groups about the credibility of Krauck Systems and Anchor Finance and the specifics of the Memorandum of Understanding (MOU). 

Speaking on Nationwide Radio this morning, Dr Davies said government ministers operate differently but he would have said less. 


Transport Minister Dr Omar Davies

Meanwhile, Davies, who co-signed the agreement is stressing that it is a non-binding MOU

The term non-binding also appeared in the latest statement from the Investment Ministry.

It was absent from the previous statements on the matter. 

Meanwhile, The Works Minister did not  explain why the agreement was signed a day later than scheduled.

Davies would only say that the Cabinet made certain decisions on Monday regarding the MOU which he would not disclose.


Transport Minister Dr Omar Davies