$3 Billion Supplementary Funds Approved for GuySuCo, NDIA

The National Assembly Monday approved an additional $3 billion for operational expenses at the cash-strapped Guyana Sugar Corporation (GuySuCo) and the National Drainage and Irrigation Authority (NDIA).

$1 billion will be injected into advancing works at GuySuCo, while the remaining $2 billion will go towards advancing NDIA’s operations.

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Agriculture Minister, Zulfikar Mustapha said the money will be spent on rehabilitating critical areas in the factories, while enhancing and expanding cultivation in the cane fields.

Albion Sugar Estate will receive $363 million, Blairmont estate $76 million and Rose Hall estate $561 million.

Among the items listed to be procured are five 30-inch disc ploughs and five tilling harrows for the Rose Hall estate.

For the NDIA’s allocation, the minister said $46 million will go to Region Two, $272 million to Region Three, $588 million to Region Four, $97 million to Region Five, Region Six $228 million, Region Nine $9 million and Region 10 $70 million.

The minister noted too that $426 million was budgeted to undertake mechanical works to NDIA equipment, as well as $261 million is set aside to cover fuel.