Barrack getting $8 million more

Building contractor Al Barrack has so far received $5 million from the Government and is in line to receive another $8 million.

Al Barrack
Al Barrack

This assurances from Minister of Finance Chris Sinckler, who has further revealed that the two sides are in the process of completing negotiations for the transfer of the Warren’s Office Complex building to Barrack in settlement of the Government’s $70 million 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.

While noting that the matter was still before the court, the Minister of Finance said: “The other point is that of course there is some residual, part of which was paid – the $5 million.

“There is an additional $8 million that has to be paid to him, and I believe that resolution is being prepared by the Ministry of Housing and Lands for passage in the Parliament of Barbados. And once that is done, that particular phase will be completed and then it is the issue of the lease back, which the two lawyers on both sides and Mr Barrack himself are now finalising,” Sinckler noted.

Since 2006, Barrack has been waiting for payment after an impasse between his company and the National Housing Corporation (NHC), which was responsible for the award of the contract, ended up in arbitration in July 2002.  Barrack was initially awarded $34.5 million for his work on the building. The Barbados Labour Party Government at the time immediately appealed that judgment, but it was upheld by the Supreme Court two years later.

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6 Responses to Barrack getting $8 million more

  1. Natasha Deane
    Natasha Deane November 3, 2014 at 10:35 pm

    Jason Ward Tamiko Prescod

    Reply
  2. Richard Blair
    Richard Blair November 3, 2014 at 11:05 pm

    you do you damn you don’t you still damn

    Reply
  3. Matthew Greaves
    Matthew Greaves November 3, 2014 at 11:26 pm

    I sure that 8 million wud cover if not all most of the income tax returns but you gine give one man 8 million just so and ppl got children to feed, bills to pay and rent?

    Reply
  4. Ryan Bayne
    Ryan Bayne November 3, 2014 at 11:39 pm

    It’s deja vu all over again. No income tax for me neither.

    Reply
  5. bernard and india walker November 4, 2014 at 4:22 pm

    What buildings or other investments in Barbados is he on now .

    Reply

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