GuySuCo withholds millions $$$ from packaging plant contractor
The Guyana Sugar Corporation (GuySuCo) is reportedly withholding over US$180,000 ($36M) from the Indian-owned Surendra Engineering Corporation, contractor of the Enmore Sugar Packaging Plant.
GuySuCo officials confirmed that the corporation has withheld the money for a number of outstanding issues relating to the plant.
Suppliers and other sub-contractors are now claiming, also, that the company owes them about $200M (US$1M) for work done.
Included in the monies that the construction firm owes is rent. Also, balance of payment for civil works on the actual building to house the plant is outstanding.
Kaieteur News understands that while GuySuCo has paid the company, the sub-contractors are still to receive their monies from Surendra.
In the meantime, the company was last year granted a US$4M ($800M) contract by Government for the supply of 14 large capacity drainage pumps.
The project under a special line of credit from the Indian Government was touted as one of the largest boost to the country’s resources to help face the growing threat of flooding, to especially the coastlands.
Surendra has reportedly also submitted a bid for the construction of a planned specialty hospital to be built at Turkeyen, East Coast Demerara.