"Notwithstanding, in more recent times, a real concerted effort to divest the industry did not succeed, we felt that it was something we needed to pursue," Prime Minister Bruce Golding said yesterday at the Jamaica House signing of the deal between a delegation from Complan and Government representatives.
Government's push two years ago to sell the SCJ estates to the Brazilian company, Infinity Bio-Energy fell flat in the face of the worldwide economic decline.Agriculture Minister Christopher Tufton made it clear that the signing was two-fold, one for the purchase and lease of assets owned by SCJ, and the other to conduct a feasibility study for the construction of a sugar refinery and ethanol facility.The prime minister contended that Chinese investors viewed investment projects in a different way from other foreign investors.
BRUCE+PEN= DISASTER...THAT'S NEVER GUD, USUALLY MEANS ANOTHER ASSET GONE.
