All progressive reports for the revival of the Russell Islands Plantations Limited (RIPEL), Development Bank of Solomon Islands (DBSI) and Gold Ridge Mining Limited (GRML) as well as the reviewing of the Commodities Export Marketing Authourity (CEMA) will be submitted to Cabinet for deliberation and endorsement this month.
Secretariat to the Cabinet Sub- Committees has announced this in a statement.
The announcement follows calls by the Opposition and Independent Group for the provision updates on these projects by the Government.
The Secretariat to the Cabinet Sub-Committees said it has noted the ongoing calls by the Parliamentary Opposition and Independent Groups for updates on these projects, however it deems that whilst it is important to inform the general public on their progress, some control has to be invoked due to the complexities of the issues surrounding the projects.
It said what it can tell the Parliamentary Opposition and Independent Groups at this stage is that consultations on these four important projects have progressed well in the last three months and a lot of exciting investment opportunities lie ahead as the Democratic Coalition for Change Government (DCCG) seeks to revitalize RIPEL, revitalize and recapitalize the Development Bank, review CEMA and reopen the Gold Ridge Mine.
The Secretariat to the Cabinet Sub-Committees said the Government is steadfastly committed to achieving its policy objective to see these key institutions back in operation during its term in office.
The Secretariat to the Government Sub-Committees said a statement outlining the progress made in these projects will be issued after Cabinet deliberates and endorses the consultation reports at the end of this month.
– PM Press Secretariat
