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Barrack to get full money next month

Building contractor Al Barrack will get an early gift for the New Year –– eight years overdue.

The more than $70 million owed to him by Government will final be paid mid-next month.

Well placed sources told Barbados TODAY this afternoon that the full settlement of Barrack’s debt should be paid in the second week of January –– or the third at the latest.

“Some of the documents have been signed. I know that the documentation is being moved on at this time. I suspect in the second week of next month we are going to have something that we can give out some good news,” the source added.

“I know that the overall settlement has been agreed and everybody is busy trying to get it submitted by the middle of next month.”

However, the source was not in a position to provide the final figure for the outstanding debt owed to Barrack by the Government.

Building contractor Al Barrack

Building contractor Al Barrack

Neither could Minister of Housing and Lands Denis Kellman who, when contacted, would only tell Barbados TODAY that he could not “disagree” that a settlement was on the horizon.

Early last month, Minister of Finance Chris Sinckler disclosed that Barrack had so far received $5 million from the Government and was in line to receive another $8 million.

He further revealed that the two sides were in the process of completing negotiations for the transfer of the Warrens Office Complex to Barrack in settlement of the outstanding debt to the contractor.

“It will then be leased back to Government for the offices that are there . . . Government will then pay him [Barrack] rent and that process will continue until the debt is liquidated,” Sinckler explained at the time.

Since 2006, Government was ordered by the High Court to pay Barrack what was then $34 million for his part in completing the Warrens Office Complex.

Barrack had been threatening to it take over and sell it to recoup his money but had not followed through. However, on August 18 this year, the building contractor turned up at the complex and placed two massive locks and chains on the doors of the building, prohibiting scores of civil servants from the various Government departments housed in the facility from entering.

He subsequently removed the chains and locks following the intervention of Minister Kellman.


13 Responses to Barrack to get full money next month

  1. Ike Turner
    Ike Turner December 30, 2014 at 12:43 am

    Let’s see if this is hot air

  2. Wayne P Hoyte
    Wayne P Hoyte December 30, 2014 at 12:52 am


  3. Angel OfThunder
    Angel OfThunder December 30, 2014 at 12:58 am

    y is it even when a black man doin the right thing he still gets F over from govment like u trying to stop black people from gettin rich $$$ was made for every one so.stop the foul play an give.the man he $$$ an give a black man his chance wtf…

  4. Angel OfThunder
    Angel OfThunder December 30, 2014 at 1:03 am

    only upper hand others got on the small man govment try to keep him out the $$ thats the only.chance they got on us but.mark my small words a.change is coming from a high power …

  5. Debbie Harrison
    Debbie Harrison December 30, 2014 at 1:07 am

    I won’t hold my breath!!!

  6. Angel OfThunder
    Angel OfThunder December 30, 2014 at 1:08 am

    Its clear house nigga mindset keep the poor man poor an we will always be rich but that cant happening any more black people eyes open to the.sick games yall play well game over

  7. Margaret Lorde
    Margaret Lorde December 30, 2014 at 1:09 am

    Right…ok! So how’s the weather in your area…

  8. Angel OfThunder
    Angel OfThunder December 30, 2014 at 1:13 am

    yall.bullying the wrong people an to.think they go hill top an I went to d stand pipe high an know how to do d math yall wrong …

  9. Matthew Greaves
    Matthew Greaves December 30, 2014 at 1:36 am

    I agree but please pay me my income tax refund first its not $70 million

  10. Ryan Bayne
    Ryan Bayne December 30, 2014 at 1:55 am

    Truth or Lie.

  11. Latoya Willoughby-Brathwaite
    Latoya Willoughby-Brathwaite December 30, 2014 at 5:06 am
  12. Doria Alleyne
    Doria Alleyne December 30, 2014 at 6:34 am

    god is love

  13. seagul December 30, 2014 at 9:09 am

    Get up! Stand up for ya rights.
    Time to stop trampling de poor peeps.
    And if the hoteliers know what life is worth.
    It is black blue yellow turf..


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