NICIL defends lease fee for Marriott land

Executive Director of the National Industrial and Commercial Investments Limited (NICIL), Winston Brassington yesterday defended the lease of state lands to the Marriott Hotel developer, saying that the project will bring development and create jobs and he accused the Opposition and sections of the media of attempting to stymie it.

APNU MP Desmond Trotman last week moved to the court to block government’s planned transfer of land at Kingston arguing that the public trust has been abused. It was also revealed during the court proceedings that the lease for the land would be $299,955 per annum over 99 years,