The agreement between Marriott developer Atlantic Hotels Inc (AHI) and the still unnamed investor for the completion of the US$58 million hotel is a privatisation deal and therefore not subject to the Procurement Act, according to AHI Director Winston Brassington.
In an interview with Stabroek News yesterday, Brassington disclosed that the government’s 1993 Privatisation White Paper is being used to govern the transaction with the investor,
