Published On: Tue, Oct 21st, 2014

Parliament wants solutions for Postal Services

ParliamentWILLEMSTAD – Several factions in Parliament want a solution to the problems facing the postal company Cpost International (Cpost). To improve the financial position of the postal company, the MPs suggest to reduce the concession, which has to be paid to Government. The MPs also propose to transfer all properties used by Cpost to the company itself.

Cpost, Aqualectra and the Curaçao Dry Dock (CDM) are the companies, which were designated by the Committee for Financial Supervision (CFT) as the three public companies that forms a risk for the financial situation of the country.

In its letter, the CFT asks the Government to present concrete plans regarding the ailing public companies and how they will improve the financial situation of these three companies.

Because of technological change, fewer people write letters, which means less revenue for the postal service. The company has debts with the customs and tax department, and also owes a lot of money on concession fees to the government.

Various MPs pointed to the fact that Cpost uses buildings that are not owned by the company, but it has to pay for the maintenance of these.

Minister Earl Balborda of Traffic, Communication and Urban Planning emphasized in his brief intervention in Parliament that Cpost is not in a healthy financial situation, but it was not a matter of life or death. The Minister indicated that a cocktail of drugs is needed to heal the patient, including transferring these buildings, which gives the company more value. The company can also charge more for delivering letters, especially in so-called community mailboxes at resorts.

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