Company struck from Register clinches $346M contract for Bamia Primary School

By Stabroek News On In Guyana News |
Minister of Local Government and Regional Development (MLGRD) Nigel Dharamlall (third from left) with principals of St8ment Investment Inc and other officials at the signing of the contract (MLGRD photo)
Minister of Local Government and Regional Development (MLGRD) Nigel Dharamlall (third from left) with principals of St8ment Investment Inc and other officials at the signing of the contract (MLGRD photo)

By Lakhram Bhagirat

St8ment Investment Inc on Monday clinched a $346 million contract for the building of a Primary School at Bamia/Amelia’s Ward, Linden despite being removed from the Register of Companies and questions are also being raised about its background in construction given its newness and connections to the PPP/C government.

According to the Official Gazette, St8ment Investment Inc was remov-ed from the register during the month of May 2021. The company was incorporated only on March 23, 2021, the Gazette stated.

Stabroek News  yesterday reached out to St8ment Investment Inc for a comment on the various issues and was told that a statement would be forthcoming. A subsequent follow up with the company resulted in it promising to address the issues on Monday.