MSJ sees potential in Scrap Iron Dealers offer to salvage marine wrecks

MSJ sees potential in Scrap Iron Dealers offer to salvage marine wrecks

The Movement for Social Justice (MSJ) is urging Government to seriously engage with the Scrap Iron Dealers Association (SIDA).

This, as the Association has made an offer to salvage marine wrecks lying in this country’s oceans.

MSJ Leader, David Abdulah, said the initiative has the potential to become a foreign-exchange earner while removing environmental hazards among other benefits.

Advertisements

He said the MSJ has always maintained an alternative approach to development to change the economic structures of wealth and power. With that in mind, he said the scrap-iron sector’s very innovative proposals to stimulate the economy, create jobs, generate significant foreign exchange fits into that “out-of-the-box” thinking.

He said SIDA’s proposal “would raise the capital and organise the salvage of the ships and pay for this investment through the subsequent sale of the scrap metals obtained from the salvaged ships.

“This seems to the MSJ to be a win-win proposal. The country would be rid of wrecks that are an environmental hazard and a danger to those vessels that utilise our waters, the Government would not have to spend money to have this done, and SIDA would earn forex from the sale of the scrap metals and create hundreds of jobs.”

COMMENTS

WORDPRESS: 0
DISQUS: 0