WSC Signs Agreement to Assist with Movement of Funds from Family Islands to New Providence

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Barry Malcolm, Chief Operations Officer, SunCash, signs the agreement as the Hon. Adrian Gibson, Chairman, WSC and MP for Long Island (centre) and Elwood Donaldson, General Manager, WSC, look on. (BIS Photo/Derek Smith)

The Water and Sewerage Corporation (WSC) has signed a contract with Sun Island Transfers (SunCash) to facilitate the movement of funds collected on behalf of the Corporation from various islands to New Providence. The Hon. Adrian Gibson, Chairman, WSC and MP for Long Island and Barry Malcolm, Chief Operations Officer, Sun Island Transfers, signed the two year agreement during a brief ceremony at WSC headquarters, Tuesday, March 12, 2019. The agreement takes effect as of Wednesday, March 13, 2019. “I anticipate us having a good relationship over the next two years as you assist WSC with its collection efforts and safely getting our monies to New Providence,” said Mr. Gibson.

“This agreement will call for Sun Island Transfers to establish various outlets which I believe they already have in place throughout the islands. These islands have the ability to pay WSC bills. The agreement for us is quite fair,” he added. According to the terms, Sun Island Transfers will be responsible for the following, among others: staffing, security of license approvals, training, marketing and public relations strategies, collections, security, establishment of standard operating procedures, preserving and protecting client data base and client confidentiality. Mr. Gibson described the contract signing as a “momentous” occasion and said he anticipates a long-standing relationship.

“As you are all aware, Royal Bank and Scotia Bank pulled out of various islands including Long Island. We have had persons concerned with cash, the collection, movement and storage of cash, given that circumstance.” Elwood Donaldson, General Manager, WSC, said all of the technical issues have been resolved; the service is tested and ready to run. “Persons are able to pay to start tomorrow using the service. It is very beneficial to us. The issues in our southern islands and more remote islands in collecting cash – this will help the Corporation, in the long run, going forward,” said Mr. Donaldson. Mr. Malcolm said his company is “excited” to add WSC to the services that Sun Island Transfers/Sun Cash offers. “Over last year and a half, we have built an extensive network of services in the Family Island particularly. We are in Nassau, Grand Bahama, and Abaco in a big way, but for us the focus has been on getting in the Family Islands over the last year and a half.”

The Hon. Adrian Gibson, Chairman, WSC, and MP for Long Island (centre) and Barry Malcolm, Chief Operations Officer, SunCash, shake hands following the contract signing ceremony. Pictured at right is Elwood Donaldson, General Manager, WSC. (BIS Photo/Derek Smith)

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