Guysuco projected to incur total capital expenditure of 4.3 billion dollars enabling financial viability.

Georgetown- Faced with a troubling year of poor performance, financial problems, strikes and infrastructure troubles, the Guyana Sugar Corporation now has a priority to increase cane availability with expanding acreage until cultivation along with higher levels of participation by private cane farmers. Finance Minister Ashnie Singh in his budget outlined a series of interventions to enable the survival and viability of the corporation. Among these are the acquisition of mechanized cane harvesters, cane loaders, tractors and haulage units. Singh added that repairs will be completed to the number one boiler at the Skeldon Factory, and other defects corrected with the expectation that the factory will perform at full capacity by the second crop. Other factories are slated for heightened maintenance and key equipment replacement in an effort to increase efficiency of operations.