Nueva Canarias has warned of the “chilling” numbers of Canal Gestión Lanzarote, which “accumulates losses year after year” and currently has a negative net worth of “minus 22,164,000 euros.” In addition, it emphasizes that this economic bleeding has been increasing, because in the past year 2021 alone it lost 6 million euros.
“With this financial situation, the company that controls the water monopoly is a financial fiction. We are not talking about a specific exercise, but about accumulated losses year after year until exceeding 22 million negative in its net worth”, warns Armando Santana, who wonders if “this company is in a position to provide the services that the island demands.”
In this regard, he recalls that Lanzarote has gone from seeing “the photos with Coalición Canaria and Pedro San Ginés saying that the arrival of Canal Gestión was a historic day, to failures in the supply service, exorbitant bills, offices that do not respond, constant fights with the administrations, and finally the collapse of the service in many areas of the island.”
“Since San Ginés insisted on bringing this company, everything in Lanzarote has gone from bad to worse”, denounces Santana, who emphasizes that during all this time he has been “very critical of the terrible management that has been carried out.”
“From Nueva Canarias we do not understand how it is possible that a company with a monopoly on such an essential asset can present such brutal losses year after year”, adds the party, which fears for the state of the island's facilities.
“One of the questions we have to face is whether this company can do the proper maintenance of such large infrastructures with those economic numbers”, questions Armando Santana.
