The Minister of Finance has issued a statement saying it has taken note of an article in the Newsday today with the headline “Slow Boat To ‘Bago”.
The Ministry says the article claims that the Government is negotiating with a company in Singapore by the name of Singapore Technologies Marine Limited to purchase what the newspaper has described as a very large and fancy cruise ferry, built in Singapore, and equipped with a helicopter landing pad and entertainment facilities, among other things.
"This story is completely erroneous, false and misleading. The reality is that the Government is in the process of finalising the acquisition of a suitable brand-new roll on/roll off (ROPAX) vessel to accommodate passengers and vehicles for the inter-island ferry service, and as further details become available, further information will be made public. However, there is absolutely no truth in the Newsday story," the Ministry said.
Just last week the Cabinet confirmed that it was in the process of acquiring another vessel for the Tobago route.