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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY G.P. SOUTHERN OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY, 16th JANUARY 2007
Question
Would the Minister inform members what target deadlines, if any, were set for the production of the following reports on the potential sell-off of Jersey Telecom and state whether any targets set have been met? If not, has this had any impact on the proposed schedule for action on this matter?
(a ) C it i g roup;
(b ) Je r s e y Competition Regulatory Authority; (c ) E c o n omic Advisor.
Answer
- C itigroup is working to mytimetablefor lodging proposals to the States in February 2007. I can confirm that the formulation of proposalsisprogressing in accordance with this timetable.
- T h e Jersey Competition RegulatoryAuthority (JCRA) was set a target deadlineofthe year end 2006 for the production of its report. Thereportwaspublishedon 15th January 2006. Thetimingof the publication of the reporthas not impactedmyproposals. The Treasurydepartment and myadvisers have been in regular contact with the JCRA and haveexchangedviews regularly over the period since I issuedmy discussion paperon the proposal.
- T h e EconomicAdvisorhas a target deadline to complete his report by the endofJanuary2007.As with the JCRAtheTreasurydepartment and myadvisers have been in regular contact with the Economic Advisor and exchanged views regularly over the period since I issued my discussion paper on the proposal.