OPINION:
There has been no public scrutiny of the costs for planning and running the Poolbeg incinerator.
write JOE MCCARTHY and VALERIE JENNINGS
Here's a credible overview of financial aspects of the proposed incinerator - published in 2010.
There's some publicity on January 31, 2011 about the secret put or pay contract for the proposed Poolbeg Incinerator. A similar contract in Florida seems to have cost Orlando about $300 million and also stopped recycling, in order to feed the fnancially challenged incinerator. The Orlando Sentinel reports waste now has to be imported to pay the bills.
Perhaps a bigger issue than the €200-€350 million in put or pay penalties is the €500 to €700 million to be shipped to New Jersey by Irelands patriotic political cabal.
When Ireland declares bankruptcy how will the New Jersey boys enforce their secret contract? Sponsor the Sopranos?
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GATE FEES
Tonnes /// Waste fees per tonne (Aka "Gate Fee") /// years /// Thirty year cost of waste fees (€-Billions).
350,000 /// 100 ///30 ///€1.05 €-Billions
650,000 /// 100 /// 30 /// €1.95 €-Billions
Secret/blacked-out contract has built-in CPI inflation escalator.
€100/tonnes is guesstimate for 2015 - 2020.
Penalties apply below 350,000 tonnes: €200 to €400 million.
Contract Walk-away clause: Cancelled by Tierney, Dublin City Council, Sep 2010.
Two thousand lost jobs in recycling: €-cost?
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