Government and the group of private aviators comprising Ogle Airport Inc. the company holding the lease for the development of the Ogle Aerodrome into a municipal regional airport may be moving closer to an agreement that could end the controversy over the release by the Ministry of Finance of the 1.5 million euro European Union (EU) grant for the development of the second phase of the airport upgrading project.
Late last year Transport Minister Robeson Benn had said that the EU grant which was officially assigned to Guyana late last year and is being administered by the Ministry of Finance would have to be restructured to facilitate government’s involvement in the “ownership of the holding company.”
