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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.

Minister of Finance Chris Sinckler.

Minister of Finance Chris Sinckler.

“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.”

7 Responses to Sinckler open to credit line

  1. Tony Webster May 19, 2015 at 7:15 am

    I got to hand it to our “Thurduh” boys: Hang tough: dump any thought ’bout real compromise…because government, also got their backside, and front-side, and treasures… in a SBRC vice. So give dem a loan…like one dat would have to get “pay-back’….plus interest. And secure it wid Bills of-sale on dem trucks too. Effin de whole place stink-up, den the haulers gine get de blame. And effin no-body mek a proper move…den hand it to de Unemployment Tribulation thing, who will put it into de in-tray dat already overflowing wid “priority” things already there.
    What this really is saying to our hauler guys … (again)…is simply: “Haul”…and “Go hang”.
    BTW: I like de part about “opening up dem books” for inspection…when some cherry-coloured books…done gone up already in smoke! How about GOVERNMENT…opening up dem own books, and contracts…and M.O.U’s???

    If absolutely necessary, play a few high-cards:-
    1:Ri-Ri coming for Hilary’s big fete….and evahbody is invite fuh free …at Kensington
    2: Leak de date for de Republic Referendum.
    3: Leak dat on 15 June…no new taxes shall be pun de table. (psssst: dem will come later…when we dun run-out..of “high cards”)

  2. Michael Ess
    Michael Ess May 19, 2015 at 9:54 am


  3. Jamar Jones
    Jamar Jones May 19, 2015 at 10:33 am

    I wonder if liking this would get yuh in trouble with the misuse act

  4. Watchman May 19, 2015 at 12:36 pm

    I dont understand if a business wants credit why it would be the government to supply it versus a financial institution like a bank.

  5. Alex3 May 19, 2015 at 6:21 pm

    So as an operator I as an individual drop 6 loads a day.
    That is $150 per day and $750 per week.
    If I work 50 weeks a year my tippage fees are going to be $37500.
    Now the minister is going to give me a line of credit?


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