The billion-dollar deficit reveals serious errors in the planning of the airport projects, says the criticism from the opposition party Naleraq.
Friday’s general meeting in Greenland Airports has revealed an economic reality for which Naalakkersuisut and Inatsisartut owe the population an explanation.
That’s what it says from member of Inatsisartut for Naleraq, Jens NapãtôK’.
The criticism from NapãtôK’ comes after Greenland Airports at today’s general meeting presented an annual report that contains write-downs of the airports for a total of three billion kroner.
The severe write-downs affect the accounts so that the result for the year was a minus of DKK 2.7 billion. DKK The write-downs are divided by approx. 1.77 billion DKK in Ilulissat, approx. 824 million DKK in Nuuk and approx. 326 million DKK in Qaqortoq.
At the same time, operating expenses are significantly higher than anticipated.
Jens NapãtôK’ emphasizes that Naleraq is not against modern airports or better infrastructure, because that is needed:
– But when a public company has to write down values for billions of kroner and at the same time acknowledges that the financial conditions do not hold, it is Naalakkersuisut’s duty to explain what went wrong, says the politician.
Chairman of the board: Too optimistic assessment of returns
In his opinion, the bad accounting casts doubt on the entire basis of the airport investments:
– Political decisions were made about investments worth billions of kroner without sufficiently updated and realistic socio-economic analyzes of the overall consequences being presented, reads the criticism from the Naleraq politician.
He believes that many citizens along the coast, in the settlements and in the outer districts are experiencing fewer connections and more expensive journeys due to the large investment in new airports in Nuuk and Ilulissat.
At today’s general meeting, chairman of Naalakkersuisut Jens-Frederik Nielsen (D) criticized the financial results of Greenland Airports.
Greenland Airports’ chairman of the board states, among other things, about the large write-downs that the assumptions have been too optimistic, but he also says that the airports are an important prerequisite for economic growth in Greenland:
“It has always been an investment in Greenland’s infrastructure, and it may have been optimistic to believe that there was a higher return early in the process than we have actually seen. On the other hand, it is important to remember that the new airports are among the decisive prerequisites for increased economic growth in Greenland,” it sounds like chairman of the board Jens Wittrup-Willumsen.
