Scrap metal contracted

A contract for the removal of 6,000
tons of baled scrap metal at the George Town Landfill has been awarded to two
local companies and a metal trading company from Hong Kong.

Works Minister Juliana
O’Connor-Connolly said the agreement called for the contractor to pay CI $50
per ton – for a total of $300,000.

Under the arrangement, two local
companies – Cardinal D. Ltd and Pan-Caribbean Energy Ltd. – will sell the scrap
to the foreign firm, Hong Luen Metal Trading Company.

Opposition MLA Arden McLean asked
whether the government had given the scrap metal contract to a foreign company.

Mrs. O’Connor-Connolly said government
was actually engaging the two local companies to work with the Hong Kong firm. She stressed that the contract amount had
been paid in advance.

Mr. McLean asked who were the
shareholders of Cardinal D. Ltd. and Pan Caribbean Energy Ltd, as well for the
identities as who the shareholders of the Hong Kong firm.  

Mrs. O’Connor-Connolly said she
didn’t know, but would endeavour to get the minister the answers in writing.

“There’s nothing in any law
preventing government from engaging with a foreign company once due diligence
has been performed,” Mrs. O’Connor-Connolly said.

Mr. McLean asked whether the Cayman Islands government would have to pay to bale the

Minister O’Connor-Connolly said
that it would. However, she said that government already had the $300,000 contract

“That was not the case with the
Matrix contract,” Mrs. O’Connor-Connolly said.

The Cayman
Islands government only received one-fourth of the $1.2 million
contract amount from Matrix, a Canadian company brought in to remove scrap
metal from the landfill site in 2007.

At least three local subcontractors
claimed they got shorted on the deal. Government was eventually forced to cancel
the Matrix contract.