President Irfaan Ali yesterday announced that $5 billion will be injected into the beleaguered Guyana Sugar Corporation (GuySuCo) as the new PPP/C government moves to deliver on its campaign promise of reopening three of the sugar estates that were shuttered under the former APNU+AFC-led government.
Speaking at a press conference hosted together with Vice President Bharrat Jagdeo at the Arthur Chung Conference Centre, Ali said that the sum will enable the corporation to undertake much-needed investments in capital works at the grinding estates and start preparation for the reopening of the Skeldon, Rose Hall and Enmore estates.
“The assessment is continuing on all estates, so we will have to have capital investment on all estates to return to a situation where they can actually utilise the factories,” the president explained while noting that some of the money will go towards field preparation, while some would also go to families directly affected by the closures.
