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Labrish
Nyuuz
Gov’t hands JPS $150M lifeline, power spat sparks House drama
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[QUOTE="Munyaradzi Mafaro, post: 73760, member: 636"] Jamaica's parliament met up and decided to front JPS a 150 million dollar loan after the utility company said power restoration would drag on until spring without extra cash. Hurricane Melissa wrecked the grid and repairs need around 350 million total, with JPS saying the hardest hit zones would stay dark until late spring. MP Daryl Vaz pushed the loan through, claiming it puts zero risk on taxpayers and would speed up fixes to wrap by late winter instead. Opposition leader Mark Golding went off about the deal being sketchy since JPS still needs another 200 million which nobody knows where it will come from. He argued the government cash should rebuild houses and hospitals instead of bailing out a private company whose contract expires soon anyway. Vaz clapped back, calling the opposition wicked and bitter, saying the loan is locked down tight either way and the government made a solid call. [/QUOTE]
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Labrish
Nyuuz
Gov’t hands JPS $150M lifeline, power spat sparks House drama
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