Jul 02, 2018 News
New LEN extension sets pace in turning Linden into a green town.
With a rooftop that will be powered with solar energy, the extension to the LEN Business Centre on Republic Avenue is expected to set the pace of turning Linden into a green town.
This is according to Finance Secretary Dr. Hector Butts.
Butts made this disclosure at a simple ceremony last Friday.
He further acknowledged that the extension comes at a prudent time in the growth and development of the economy, where Guyana is looking towards the low carbon development strategy, while at the same time looking towards exploiting growth based on revenue coming from hydro carbons.
“As we are in the era of going green, and bringing oil in the country we must not lose sight that oil cannot replace the need for continued diversification, that oil cannot replace the utilization of multiple resources of our tropical forests.
We must avoid the so called resource curse or the Dutch disease,” Butts stated.
Butts added that the resource curse occurs when focus is only placed on the resource dimensions such as when gold or oil is booming. He said that while focus has to be placed on the development of these resources, it has to be borne in mind that they are short term and are also depletable.
However, other developments such as manufacturing and agriculture will be the developments to sustain Guyana beyond oil, he emphasized.
In alluding to the extension of the building, Butts said that most of the materials and components used in its construction were sourced through local entrepreneurs.
This, he said, fulfills the expectation of the Ministry of Finance and Government to let the “dollars move around” Linden and the Region Ten environs.
Chairman of the Linden Chamber of Commerce and Development Lyndon Younge called the extension of the business Centre a step in the right direction.
He expressed the hope that there would be limited “red tape” in acquiring space for rental and that the prices would be affordable.
Meanwhile, Chairman of LEN Orrin Gordon said that the entire construction was worth some $51M. He said that $17 M of that amount was utilized to build the roof and another $34M was subsequently given for additional works.
Gordon said that the money that was given was properly spent.
He expressed optimism that the incubator concept will continue, and that businesses would continue to grow.
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