CABINET on Tuesday approved the sale of state property at Lot 8 Ferry Street, Queenstown, New Amsterdam, Berbice to the Guyana Revenue Authority (GRA) for the sum of $50M, Minister of State, Joseph Harmon announced Friday.
Harmon told reporters at his post-cabinet press briefing that the property was acquired by the National Commercial and Investments Limited (NICIL) following the dissolution of the Berbice Mining Enterprise in 2004. The sale of the property concluded after NICIL advertised the property for disposal by way of public tender. It was then determined that GRA was the most responsive bidder.
Similarly, cabinet approved the sale of state land located at Track ‘AA’ Plantation Retrieve, Linden to M and L Land Development for the sum of $2, 200, 000. The 1.06 acres of land was owned by Guyana Bauxite Company and was transferred to NICIL in 2004. M &L Land Development has since undertaken to establish a modern tourist facility and to provide a boost to the entertainment and tourism sector of Linden and also provide employment, Harmon disclosed.
