…questions Mohamed’s acquisition of Versailles land, reserves, duty-free concessions

BK Group of Companies has come out swinging at United States (US) sanctioned and indicted Opposition Leader Azruddin Mohamed following his recent visits to several Government-funded infrastructure sites, where he made allegations about the cost, awarding and execution of major projects, including the Versailles to Parika Four-Lane Highway. The company said it was concerned by statements made by Mohamed regarding construction work on the Versailles to Parika Highway, a portion of which was awarded to BK International. According to the company, work on its portion of the project has not yet commenced, and there is no stockpile of materials for the project, contrary to what it said was asserted by Mohamed.

BK Group rejected any suggestion that it is a “fly-by-night” operation, pointing out that it has been in business since 1988 and has undertaken several major infrastructure projects in Guyana. Its portfolio, according to the company, includes construction works involving sea defences and roads, as well as commercial properties such as banks and schools. BK International further highlighted its experience with major projects funded through international agencies and financial institutions, including the World Bank, International Monetary Fund (IMF), Caribbean Development Bank (CDB) and Inter-American Development Bank (IDB).