MSJ: THINK THROUGH PRIVATIZATION CAREFULLY

CCNTV6

MSJ leader, David Abdulah is telling the new administration that privatisation of any state service needs to be carefully contemplated and reopening Petrotrin is crucial.

Transcript

00:00The privatization of state operations is a critical area that needs thorough consideration,

00:07says David Abdullah, political leader of the Movement for Social Justice.

00:11If we continue to sell our assets in order to get money to meet our day-to-day expenses as a country,

00:21namely the government, then at some point in time we will have neither assets nor revenue to meet our day-to-day expenses.

00:28Some state bodies, he says, are not necessary.

00:58You have to have an HR manager, a finance manager, a general manager, an engineering manager, and then supervisors.

01:07It was just creating a bureaucracy, so the money was going into the bureaucracy rather than going into fixing schools.

01:12But there are some that should always remain public.

01:16When we talk about the strategic ones, WASA, TNTEC, and so on, and NGC, First Citizens, which was partly privatized,

01:26those things, the port, those things must remain, Caribbean Airlines, those things must remain in public hands.

01:35And Petro Trinh, he says, six and a half years later, needs to not only be reopened, but to be reopened safely.

01:43It will bring foreign exchange into the country because clearly monies will have to be accessed from abroad

01:53to put back into the restart of the refinery, which would require significant work.

02:01You know, tanks have to be inspected and replaced and pipelined similarly and compressors and pumps

02:07and all of the electrical work and the instrumentation.

02:11A huge amount of work has to be done so that when you press the button to start a plant,

02:16it wouldn't blow up and take half a marbella with it.

02:20Arvashi Tomwari, Rubnarain, TV6 News.

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