Minister of Finance and Public Infrastructure, Bishop Juan Edghill revealed moments ago that the government has set aside revenues to reopen the Enmore, Rose Hall, and Skeldon Estates in a phased approach. During the presentation of his 2020 budget speech, the Minister said that the government will carry out an assessment on the state of the assets and the level of reinvestment to be done, starting with an initial allocation of $3 billion, in 2020, for critical works, with an additional $2 billion being made available should works progress.
As for the Wales Estate, Minister Edghill said that works have commenced to create opportunities and employment under the newly established Wales Development Authority. He said, too, that the Guyana Sugar Corporation (GuySuCo) will concentrate its efforts to ensure it achieves, in the short-term, a break-even status. “We will ensure better management by appointing a new, competent, and skilled Board of Directors. We will ensure greater efficiency through the necessary re-tooling, product diversification and retraining where necessary,” the Minister concluded.
