Enill: Govt expects $320M from sale of two companies

GOVERNMENT expects to earn $320 million from the divestment of National Enterprises Limited (NEL) and Trinidad and Tobago Forest Products Limited, Junior Finance Minister Conrad Enill said yesterday. However, he declined to say more on those divestments, explaining that negotiations are still in progress in the case of one of those enterprises and “further details may compromise the process”. In response to questions raised by Senate Opposition Leader Wade Mark about Government’s divestment strategy, Enill told the Upper House that the State enterprise sector would continue to be examined and rationalised “with a view to boosting economic efficiency and competitiveness. “The Government recognises that the most critical role of the State in economic life is to support the vitality of the private sector and the small business sector,” he said.