The National Industrial and Commercial Investments Limited (NICIL) has transferred two industrial sites to government as well as a plot of land at Linden to a former Linden Mining Enterprise Limited (LINMINE) employee.
According to publications in the Official Gazette on Saturday, lands at Block `DD’, Plantation Eccles and Plantation Coldingen, East Coast Demerara have been transferred to government, the representative being the Minister of Business.
NICIL Chief Executive Officer (CEO) Horace James explained to Stabroek News yesterday that the entity was responsible for the administration of the industrial sites at Eccles and Coldingen. He said that in early 2016 a Memorandum of Understanding (MoU) transferring the management of those sites to the Ministry of Business was signed. James said this step was taken as it was felt that the Ministry was “more fit and appropriate” to deal with the management of these sites. He said that the transfer means that all persons operating at the two industrial sites will now deal directly with the Ministry and not NICIL.
