Signed in a blaze of publicity two years ago followed by the dismantling of the Enmore Sugar Packaging plant which is still to be reassembled, a planned machining investment has only now secured start-up financing and work should get underway shortly.
Source say that the Guy-sons and K+B Investments Inc. (GK+B) machining facility should commence soon as a US$2.5 million loan was recently approved.
When the project was announced two years ago in the presence of President Irfaan Ali it had been believed that financing had already been mobilized but this was not the case. This raises questions about whether there had been a careful evaluation of the project and whether the East Demerara Estate packaging plant should have been immediately disassembled.
