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Sale of the former GBC building for 100 million dollars raises some eyebrows – 13th Feb 2013

shot0011The reported sale of the former GBC building on Hadfield Street to the Guyana Geology and Mines Commission is raising some eyebrows in some circles.

The building was reportedly sold for in excess of 100 million dollars in its present form. But what is worrying according to persons with knowledge of the deal is that it will cost the GGMC almost double that amount to complete repairs of the building, which reportedly has serious engineering defects.

A source told this newscast that another issue of concern to the GGMC is that the building cannot accommodate the weight of some of the equipment.

GGMC has over 300 staff and are looking at increasing its field officers to monitor the interior region. There are reports that the present location on Brickdam is overcrowded.

Capitol News also learnt that the current site of the GGMC will accommodate the office of the Natural Resources Minister, Robert Persaud.
The offices of the Ministry of Labour and Human services were expected to be relocated to the building upon completion some years ago, but a fallout between the contractor and the Government halted the process and one of the contractors reportedly left the country still owing the Guyana Government for the incomplete structure.

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