Minister Vanterpool has been the subject of many accusations in relation to the Pier Park Project, and corruption in its execution, since he has oversight of the Ports Authority, that was in charge of the project.
However, despite the accusations, the Minister seems confident that he will be vindicated by the audit —which was undertaken by KPMG.
Speaking exclusively to BVI Platinum News recently, Minister Vanterpool stated, “I consider my reputation to be intact very firm. It will be seen and will always be seen that the Pier Park Project is a very excellent project in the interest of the territory.”
He is of the view that, “The Pier Park will be a legacy of my Premier Dr. Smith and myself as Minister. I am very proud of it.”
Back in January, Premier Smith ordered an audit into the project, which started off with an initial budget of $50 million but ended up costing close to $85 million.
This came after former developer of the project, Mr. Hugh Darley, who had threatened to take the government to court over the project, had alleged that the government utilized cheap building materials and cut back on the number of buildings in the Pier Park, but ended up paying more than what was expected at the start of the project.
Mr. Darley had pointed to the fact that the project was to be built for $45-$50 million, alleging that some $10 million was overpaid to contractors and others on the marine works portion of the project.
In response, Minister Vanterpool claimed that, “There hasn’t been any cheating or nefarious activities to do with the Pier Park.”
He declared that he is of the firm belief that taxpayers received value for money.
Asked about the project costing in excess of the estimated price, Minister Vanterpool said, “The Pier Park Project was underestimated at the beginning. We used an estimate from the previous possible developers that was flawed...not a correct estimate.”
However, he divulged that he is very confident that should there be more probes into the project, he is sure that he will not be associated with any corruption.
“All of the evaluators, independent evaluators have looked at it and seen that there is value for money. That is very important to me in terms of my reputation and knowing that that project is for the people.”
According to Minister Vanterpool, “I can invite any evaluator from anywhere in the world right now to come and make their evaluation and see that the Pier Park was built with value for money.”
“There is nothing about that Pier Park that I would bow my head down in shame about,” he declared.
“I’m not worried. I am happy that they have done it,” he said of the audit.
However, he admitted that he would not have taken certain actions if given a second chance at the project, saying, “In the process, were there things that could have been done differently? Yes.”
“Whenever you do an audit and whenever you do a project, there are certain things that you wish you had done differently and could have been done better, but I’m not going to say it was perfect. I am satisfied that when they would have finished the audit, like I said in the past, the territory would have received value for money, that would be clear,” he stressed.