Q1. What is the Dredging Fee?
- The National Water and Sewerage Commission (NWSC) views the 10.43% as a “free loan” granted to the Water and Sewerage Company Inc., (WASCO) by the Consumers which do not require re-payment but is condition based.
Q2. Why was it established?
- The National Water and Sewerage Commission (NWSC), in April 2013, established and approved a Dredging Fee for the purpose of de-silting the John Compton Dam.
Q3. What is the duration of the Dredging Fee?
- The initial duration of the Fee was two years (expired on August 31, 2015); subject to extension.
Q4. Who is responsible for managing the Dredging Fund?
- The Water and Sewerage Company Inc., (WASCO) is responsible for managing the Fund. The Commission has regulatory oversight, meaning the Commission monitors the Fund.
Q5. How much money is available in the Dredging Fund?
- To date, approximately EC$11M.
Q6. How does WASCO report on the Dredging Fund?
- The Water and Sewerage Company Inc., (WASCO) reports on the Dredging Fund by providing the Commission with monthly bank statements.
Q7. Can the Dredging Fee be extended, if so what is the process?
- Yes, it can be extended. The utility must provide documentary evidence in support of its request for an extension.
Q8. Who does the funds in the Dredging Fund belong to?
- The Funds belong to consumers.