Sinckler open to credit line
The option of Government opening up a credit line for waste haulers to help them pay the newly enforced $25 tipping fee is a very realistic possibility.
But for that to happen, says Minister of Finance Chris Sinckler, it means those businesses will have to open their books to both the Ministry of Environment and the Sanitation Service Authority (SSA).
Speaking to Barbados TODAY about the highly controversial fee, which has seen waste haulers protesting for over a week, Sinckler said just like any other credit facility, proof would have to be presented to show that the debt could be paid.
“Of course if you are going to do a credit line as in the case with any such credit facility….if I go to the bank the first thing the bank is going to ask me to do is to show how I am going to pay for it.
“You would therefore then have to show, as a waste hauler, how much money you are making for me to give you a credit and for me to be satisfied that if I give you this credit, at the end of the time when it comes to pay, that you are able to pay. You are going to have to demonstrate that,” the minister outlined.
“The question is, are the waste haulers prepared to share that information with the Ministry of Environment and certainly with the Sanitation Service Authority? . . . I don’t know that.”
However, despite the current standoff, Sinckler said he believed the parties involved would find a resolution.
He pointed out that all that was needed was for stakeholders to hold a meeting and come up with a viable solution.
“I think the bigger point is if this is an operational issue, in terms of a methodology, then we can get this resolved, because there are any number of methodologies which you can use and they must be able to come up with one which is palatable for everybody,” Sinckler explained.
“But if it is an issue where people don’t want to pay at all, then we are going to have a challenge.”