Other projects will go ahead
Treasury Minister Alf Cannan says the proposed write-off of £95 million of Manx Utilities debt is affordable.
If approved by Tynwald later this month, it will mean the MUA will freeze charges for water, sewerage, electricity standing charges and put a 2% cap on electricity prices for the next year.
However, it does mean £6.5 million a year will be missing from the Treasury Capital Programme.
Mr Cannan says that won't be an issue in the short-term and doesn't mean some other schemes will be put on hold:-
Warmer than average May for Island
Increased DfE support 'to tackle rising costs and global pressures'
Police appeal after two motorcycles involved in collision
Childcare Credit payments to increase
Manx Care advice to those on Depo-Provera injection
Comments
Add a comment