GWI proposes countrywide replacement of distribution networks

first_imgGuyana Water Inc (GWI) Managing Director, Dr Richard Van West-Charles said that there was an urgent need for the replacement of all water distribution networks countrywide.The call comes on the heels of the two breakages on Thursday in the water distribution networks at Vlissengen Road, in the vicinity of the Popeyes fast food outlet. The repairs to this distribution network are scheduled to be completed by tomorrow.At a press conference on Friday, at GWI’s headquarters, Dr Van West-Charles said that within the past three months, there have been six breakages and 10 overall for the year. He disclosed that the last three breakages have cost the utility company $15 million. The breakages are a direct result of the aged pipe infrastructure that currently exists in Georgetown.He added that “as we improve the water production for Sophia and central Georgetown, once those systems are up and running, it means that central Georgetown will receive higher water pressure, which can rupture the system”. It was also disclosed that the Public Utility Commission (PUC) has approved a fixed charge of $250 for the maintenance of all distribution networks countrywide. This charge is expected to come into effect from October 1, 2018.“One of the things I would like to put to the (GWI) Board for approval is to have Central Government advance the cost for the replacement of these lines over a number of years, to be agreed upon. Also, that part of the fixed charge that comes to us is directed towards that cost,” Dr Van West-Charles stated. The Managing Director said the issue has engaged the attention of the GWI for the past two years, adding that it was imperative that the matter was addressed urgently.last_img read more

Marcelo accused of Sh 60.8m tax fraud

first_imgAccording to court documents, Marcelo earned Sh142m (1,168,764 euros) from his image rights in 2013, which were ceded to a Uruguayan company but should have been declared to the Spanish authorities.Marcelo is just the latest in a series of star players based in Spain to be accused of tax fraud on income related to image rights in the past few years.Real Madrid’s all-time leading scorer Cristiano Ronaldo appeared in court in July over accusations he evaded Sh 1.7b (14.7 million euros) worth of tax between 2011 and 2014.Barcelona duo Lionel Messi and Javier Mascherano received 21-month and one-year suspended sentences respectively after being found guilty of tax fraud over their image rights in 2016.However, five-time World Player of the Year Messi’s sentence was later replaced by a Sh30.6m (252,000 euro) fine.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Real Madrid’s Brazilian defender Marcelo earned 1,168,764 euros from his image rights in 2013, which were ceded to a Uruguayan company but should have been declared to the Spanish authorities © AFP/File / GABRIEL BOUYSMADRID, Spain, Oct 17 – Spanish prosecutors have accused Real Madrid’s Brazilian left-back Marcelo of tax fraud totalling nearly Sh 60.8m (500 euros), a judicial source confirmed on Tuesday.The tax authorities believe Marcelo hid Sh 60.8m ($578,000) earned from his image rights using a network of shell companies outside of Spain.last_img read more