By Sean Douglas
Friday, December 5 2008
MINISTER of Planning, Dr Emily Gaynor Dick-Forde, said over $40 million was paid in commissions to the agents who arranged financing of the Waterfront Project, replying to a question by UNC Senator Mohammed Faisal Rahman in the Senate on Tuesday.
She said the agents for the borrower, the Port-of-Spain Waterfront Development Limited, were First Caribbean International Bank (collateral agent and financial advisor) and Wells Fargo Bank, North America (trustee).
Continue reading Over $40M in agent fees on waterfront project