GEDA waiting on GRMC to formally accept terms of QC - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA waiting on GRMC to formally accept terms of QC

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by Ken Quintanilla

Guam - It was back on December 10 when the Guam Economic Development Authority's board of directors approved the qualifying certificate application for the Guam Regional Medical City.

And according to GEDA deputy administrator Mana Silva Taijeron, a letter was sent to the new hospital just today requesting for its formal response in accepting the terms of the QC as approved by the GEDA board. The QC for the new hospital will allow 75% income tax rebates for 20 years, 100% real property tax abatement for 10 years and 75% corporate dividend tax rebate for five years.

Should GRMC reply and agree to the terms, it will then be forwarded to the AGF and then sent to the Governor's Office for final consideration and action. It was last month when the Governor's Office noted there's 'reasonable likelihood' that the governor would approve the QC.

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