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The US$200 Million Skeldon Factory is Falling Down

Admin by Admin
February 5, 2023
in News
Skeldon Factory chimney falls to the ground

Skeldon Factory chimney falls to the ground

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The construction of the Skeldon Factory cost the tax paying public approximately US$200 million. Then President Bharrat Jagdeo who invested the money, which at the time was larger than the nation’s budget, said it was a worthy investment to turn around the beleaguered Guyana Sugar Corporation (GuySuCo).

 

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Ramadan Greetings from the PNCR and Opposition

Ramadan Greetings from the PNCR and Opposition

Skeldon Factory chimney falls to the ground

The factory, which was built by the Chinese company, CNTIC, was commissioned in 2009 by the Bharrat Jagdeo administration. This factory has turned out to be the largest failed public sector project in the country’s history.

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Not long after construction, the factory became a white elephant and was abandoned by the People’s Progressive Party/Civic Government. The roof has now fallen but the tax paying public is still repaying the loan.

Many have said the investment was futile, pointing to the fact the factory was never functional and Guyana has lost a lot of money.

 

 

 



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    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
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    • In the village
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    • Book Review 
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