* Kaieteur News peddling that lie since 2008 – Dr Ramroop
(The following article is reprinted from today’s Guyana Times)
“I want to state categorically that after the lease, the Government of Guyana did not spend a single cent on the clean-up or any other expense that went into rehabilitating or reconstruction of any of the buildings (in the Sanata Complex at Industrial Site Ruimveldt).”
This was the reaction of Chairman of the Queens Atlantic Investment Inc (QAII), Dr Ranjisinghi ‘Bobby’ Ramproop, who over the weekend responded to the continued spate of “inaccuracies and false” assertions that have been peddled by the Kaieteur News ever since 2008 when Guyana Times was launched.
He noted that Kaieteur News has repeatedly published the accusation that Government had in fact spent millions of dollars on the Sanata Complex before it was sold to QAII – a notion that has been repeatedly debunked by QAII and the National Industrial and Commercial Investments Limited (NICIL), Government’s holding company that executed the privatising of the Sanata Complex.
QAII paid in excess of half a billion dollars for the complex which has since proven to be one of the more successful privatisation ventures in recent times.
In a news article published recently, the Kaieteur News said that the Government had utilised some US$5 million (GY$1 billion) to rehabilitate the Sanata Textiles Complex before it was sold to QAII at a cost of US$3.4 million.
According to the QAII in a recent missive to once and for all clear the air, “the fact is all repairs, rehabilitation and other works were done by the QAII Group to the tune of millions of dollars, after acquisition of the lease as the complex at the time of privatisation was in a state of disrepair.”
State of the Complex on acquisition – At the time of acquisition, the entire Complex was in a state of disrepair: fences had fallen apart; drains were blocked; roads were inaccessible; vegetation was overgrown; garbage was prevalent; equipment and installations were vandalised beyond repair; the buildings were infested with termites and unfit for occupation; there was also flooding in some sections despite it being the dry season