SPU seeking buyers for GuySuCo lands, scrap metal from estates


Even as the Government prepares to re-open two of the closed estates this month for prospective buyers, it is also selling estate lands and scrap metal from the seven factories now under its control.

The Special Purpose Unit (SPU) established to divest the assets of the Guyana Sugar Corporation (GuySuCo), is inviting expressions of interest for the sale of “scrap metal and equipment,” according to an advertisement placed in the local newspapers. However, the SPU specified that the items should be purchased for “export only.”

This is despite the fact that the scrap metal trade has been suspended by the Government since 2015.

Interest eligible bidders may obtain further information from the Privatization Specialist at the La Bonne Intention (LBI) Estate staff compound at LBI, East Coast Demerara or contact telephone numbers- 220-1405 or 220-1385.

Expressions shall be submitted to the same address or forwarded to nicil.spu@gmail.com no later than Friday (March 09, 2018).

The SPU stated that items are sold on an “as is, whereas” basis and it reserves the right to reject the highest bidder.

Additionally, the SPU is offering thirty lots of land belonging to the now closed Wales Estate.

In a separate advertisement, the SPU said Lots numbered 1 to 12 and 14 to 31, parts of Plantation Wales along the eastern and western sides of the West Bank Public Road are up for sale.

An announcement by the Agriculture Ministry in February 2017 was made to lease the estate lands to the fired sugar workers. Hundreds of workers were laid off when the estate ended operations at the end of 2016.

Interested persons the SPU said, must register with the unit and purchase the tender package at a cost of $5,000.


The deadline for the submission of tenders is March 16th, 2018 at 4.40 pm and must be addressed to the Executive Head of the SPU at NICIL, Lot 126 Barrack Street, Kingston, Georgetown. 

Leave A Reply

Your email address will not be published.