The site for the new incincerator at La Collette

A DAMNING new report on the euro rate incinerator fiasco has raised serious concerns about the management of the Treasury.

In the critical report published today, the Public Accounts Committee – the States spending watchdog – says that despite the fact that the £100m-plus contract to build the incinerator was the biggest in States’ history, there was a lack of management right across the project.

And it says that even now no civil servant or minister will accept responsibility for what went wrong.

The report accompanying the proposition on funding the incinerator said that the exchange rates for the 75m euro part of the contract would be fixed at the time the deal was signed.

But that did not happen, and subsequent fluctuations in the exchange rate could add millions to the cost of the deal.

The Public Accounts Committee report follows a report by the States independent spending watchdog, the Comptroller and Auditor General which highlighted serious flaws in the management of the project.