Finance Minister Colm Imbert has signed the first tranche of a policy-based loan agreement in the sum of US$180 million with the Corporación Andina De Fomento (CAF) Development Bank.
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Galleons Passage now due in mid-May
The Galleons Passage will not arrive in Trinidad and Tobago until mid-May or thereabouts.
That’s the word from Works and Transport Minister Rohan Sinanan as the vessel continues its journey en route to Acapulco, Mexico.
The Galleons Passage was initially due in Mexico on April 24, but checks yesterday on the Marine Traffic site put a new estimated time of arrival (ETA) of April 26.
Sinanan explained that because of “unforeseen delays” along the route “we expect the vessel to be here as we speak by the middle of May, if things go as they are going now. If things go different to that then it could vary.”
This contradicts information from Finance Minister Colm Imbert, who, in describing recent claims that the arrival of the vessel would have been delayed by a month as “speculative,” had given an arrival date of April 30.
Yesterday, however, Sinanan explained that when a vessel is travelling from “one end of the world to the next” it is subject to a number of vagaries, not least of which is “weather conditions and when you have the vessel going to several ports, when you enter some of these ports you have to wait in time.”
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