Suriname to sell 12 state enterprises

(De Ware Tijd) PARIS – By 2015 at the latest, the State wants to dispose of twelve state-owned companies. Mariënburg, the Foundation to Preserve Suriname’s Banana Sector (SBBS), Patamacca, Victoria, Phedra, Babunhol, Tibiti, Bernardpolder, SML Wageningen, SAIL, Bruynzeel and the Dairy Company should be privatized then. These enterprises are still under the umbrella of the Investment & Development Corporation Suriname (IDCS). For strategic reasons, IDCS director Winston Caldeira refuses to state the minimal sums these enterprises will yield for the State, as talks with potential private investors are either still ongoing or scheduled. He does expect the privatization to yield millions of US dollars.