Grenada Broadcasting Network

25th May 2024




Government says it is considering its response, regarding recent demands for millions of dollars in consultancy fees in the failed shrimp farm project in St. Mark.

It is being reported that some of the creditors in the Grenada Sustainable Aquaculture project is demanding that government pay their consultation fees.

According to copies of documents obtained, the outstanding payments surround consultancy services agreements, totaling us$7.38-million for the final settlement.

Press secretary to the Prime Minister Philomena Robertson addressed the issue during the weekly post cabinet briefing.

“What I can say to the media this morning is that Government is in receipt of correspondence from the investors, requesting… demanding that monies be paid, there has been meetings to review that bit of correspondence and Government will in fact be responding to the persons who would have submitted the correspondence. The media will be informed in due course what that correspondence entails.”

The press secretary however confirmed that contrary to threats made by the investors in their April 15th letters, no legal documents were received to date.

The Prime Minister had announced earlier this year that Government would be launching an investigation into the failed project.



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