Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Senator Aubyn Hill, is raising concerns over the significant financial losses being accumulated by the National Water Commission, NWC.
According to the Independent Auditors’ Report for March of this year, the NWC had an accumulated loss of more than $42.9 billion at the end of their 2020 financial year.
Senator Hill asserted that the NWC’s severe deficits have affected the multiple services it carries out.
Despite the limited access to funds and growing losses, Senator Hill says the NWC still ensures the supply of water to its customers and Jamaicans at large.
However, he noted that the Government is unable to financially contribute in lowering the plight of the NWC.
Senator Hill recounted a contract established between the Commission and international consulting firm, Castalia, to provide recommendations aimed at transforming the water company.
Castalia looked at the need of the NWC to be re-capitalised with the prospect of bringing in new investors.
He provided some of the recommendations listed by the firm.
In the meantime, Senator Hill is lauding the Business Processing Outsource, BPO, sector as the most resilient industry amid the onslaught of the Covid-19 pandemic.
Senator Hill says currently there are over 80 operators within the business processing industry.
He added that growth plans for the sector include nine new sites across Jamaica by existing player, including a new investor who’ set to establish a 70-seat BPO facility in Montego Bay.
The Senator noted that the sector achieved a 15-percent increase in employment compared to a similar period last year.
Senator Aubyn Hill, Minister without Portfolio in the Ministry of Economic Growth and Job Creation.
He was speaking during his State of the Nation Address in the Senate on Friday morning.