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?
