Wednesday, February 21, 2018

Cabinet approves $22m to Caroni Green Ltd

Cabinet yesterday approved $22 million for a one-off grant for State enterprise Caroni Green Ltd to fund development of lands for food production, says line Minister Devant Maharaj.

Speaking at the post-Cabinet news conference at the Office of the Prime Minister, St Clair, yesterday Maharaj said the grant was approved to ensure the commencement of agriculture on former Caroni (1974) Ltd lands.

Caroni Green was launched in June 2013 and geared towards increasing the supply of safe, healthy, fresh and locally produced food, he said.

He said Caroni Green brought into production over 4,000 acres of former Caroni lands comprising mainly of two-acre agricultural plots to former Caroni workers. Maharaj said further that Government was cognizant on ensuring that the country achieves food security status and a number of projects are on stream to be completed, including the Tilapia Demonstration Centre at Bamboo, the Chaguanas wholesale market and a packing house at Brechin Castle.

He said that the National Agricultural and Marketing Development Corporation (Namdevco) was also working on sourcing a blend of fertiliser to offer at a lower cost to farmers so as to aid in the reducing the overall cost of food.