NCN invest money on dead project

NCN invest money

GUYANA-An investment is expected to yield justifiable returns. The larger the investment the larger the return, but the National Communications Network (NCN)—cash strapped as it is—has done precisely the opposite by having on its books an investment of almost $200M. The investment represents spending on a project for which the only beneficiaries are the residents of the now infamous Pradoville II. Information coming to light reveals that the National Industrial and Commercial Investments Limited (NICIL), the parent company of NCN, spent $188M to remove the transmission tower. That tower was relocated from Sparendaam, East Coast of Demerara (ECD) to La Parfaite Harmonie, West Bank Demerara.(KAIETEUR NEWS/ kaieteurnewsonline.com)…[+]