The two waste disposal companies have returned to work. How will the debts be paid to the banks?

Dandash’s party wrote in “Al-Akhbar”: As expected, the companies “City Blue” and “Ramco” have resumed their work collecting and collecting waste yesterday afternoon, following the meeting that included the City Blue Company and the deputies Amin Sherry, Fadi Alama and the president of the Union. Municipalities of Dahiyeh and Al Janoubia, Mohamed Durgham, with the Minister of Finance in the provisional government, Ghazi Wazna The chairman of the Board of Directors of “City Blue”, Milad Mouawad, described the meeting as positive, without revealing the mechanism through the which the two companies could pay their debts with the banks, which they see as their greatest concern, as well as the cash facilities that allow them to work without obstacles.

Mouawad said in a call with Al-Akhbar: “We started our work by eliminating waste after introducing a mechanism through which we could repay debts. Mouawad’s optimism went so far as to say that it is’ the first time presents a serious proposal on the mechanism of payment of fees and payment of debts ”of the company that daily removes 1,300 tons of waste from the districts of Baabda, Aley and Chouf.

In turn, the company “Ramco” complied with the decisions of the meeting and resumed work. Its director, Walid Bou Saad, said, in an interview with Al-Akhbar, that the “coup” the contractors faced came after the Banque du Liban circulated paying the price of fuel in cash. Consequently, the banks now pay the company just £ 5 million per week, while they need purchases of £ 90 million for petroleum products, oils and maintenance.

Source: News