And according to the terms in the prospectus, the City Council can use no more than 2.5 million dollars of the bond receipts to retire existing debt.
The bulk of the remainder is going into infrastructure works - and that means more streets being paved, which should mean more manual labour jobs.
But one work crew of about 8 men from the Port Loyola area couldn't care less. They came to our studio today to say they had lost their jobs paving southern Foreshore.
It's news because they say they're hardcore UDP - and when they voted in the recent election, it was to keep to their jobs. But now that they've lost those jobs, they didn't seem so sure if there was a difference after all;:..
Michael "Bibby" Gill - Complains about lost job
"Jules you know me, I am a die-hard UDP to the max. We don't have anything against the party. We are red down the -line. We voted in both elections down the line - keep your job if you vote for the red, if you vote for the PUP you will lose your job. Now it doesn't make any sense, maybe if I voted for the PUP I would have a job now."
Jules Vasquez
"Who are you all angry with? Because it's not Boots that took away your job."
Michael "Bibby" Gill - Complains about lost job
"I know that it is not the minister that took away our job - that is our father and you know that. The Prime Minister is our father too because it's our party but we want to eat. The ghetto youth is not eating at all."
Resident
"The only thing I want is my job. I deserve a job in this country. I am a born Belizean, I am not an alien. The only thing I demand is my job. I am a hardworking person and I don't like to beg."
Michael "Bibby" Gill - Complains about lost job
"Sugar water and bread our children have to go to school with. Now they want $10 for garbage fee - right now we don't even have one dollar to buy two packs of noodles in the morning; 50 cents for a pack of noodles - right now you can't even afford two packs of noodles to eat in the morning. I want to ask the Prime Minister to please help us because we need to eat, please help us. Christmas is right here and nothing is going on."
"Mr. Prime Minister, my daddy, please help me and my ghetto youths."
The crew hopes to get back some work when BWSL catches up with the pace of the Street paving works.
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