CVG financial limitation prevents projects
posted on
Oct 24, 2011 02:11PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Maria Ramirez Hair
Monday, October 24, 2011
The new CVG projects for 2012 are: Exploration, evaluation and monitoring of mining projects under the administration of CVG and forestry development in areas of influence.Both, with completion date in 2014.
The corporate contribution to the basic industries CVG is not enough to sustain the parent entity
Venezuelan Guayana Corporation has operated in 2011 with strong financial constraints have prevented social projects and take timely comply with the payment of labor liabilities.
Development agency leaders fear that a budget of less than 46.4% in 2011 to further restrict the agency's operations.
The Budget Bill for Fiscal Year 2012 estimated 12.538 million budget for CVG Bs, half the estimate for this year.The reduced allocation does not mean a decrease in the work of being, that next year should make 38 feasibility studies of a railway network of 2,460 km.cargo and passengers in Guyana, and design and build a plant for the integrated management of industrial wastes, among other duties.
The labor director, Cecilio Pineda, said the budget cuts mean that the CVG will have to rely more heavily on additional contributions of the National Executive, vital to cover the financial deficit of the body as happened this year and will deepen-fear- in 2012.
"The deficit will be present again, especially in the second half when you have to pay interest on benefits.I do not understand what is the vision to recover if growing firms have fewer resources to undertake social projects? "He said.
Frozen Tasks
CVG has among its tasks, resources budgeted for two years, the adequacy of water supply and wastewater sanitation, construction of houses in the Guayana Development Zone, construction, enlargement, repair and upgrading works of buildings in the development area of Guyana, and rehabilitation of the flood protection system of the Orinoco Delta.
Pineda said that none of these projects have been executed."No money, everything is paralyzed," he said, noting that the limited resources it has the CVG is for the payment of salaries and wages."They are strangling CVG".
"I'm skeptical half goals next year, with the housing plan and is not necessary to have stopped, unless a railway project, I do not think that the government will invest in a project that may not give you votes."
Limited operation
The secretary general of the Trade Union of Public Employees CVG (CVG SUNEP), Juan Gomez, said that with this budget can not go forward in development projects."It will stop the activities and projects planned by the Corporation for additional credit resources are only for this year."
"We do not own income and the enthusiasm and determination to develop new projects," he said.
According to the leader, CVG will be limited to operate with a budget cut, "that will generate greater crisis because they are 500 contracted and liabilities 3 000 employees working, but we will keep fighting."
"We see a critical situation for 2012 and if more budget cuts will deepen."
Fewer workers
By 2012, the CVG expects to have a payroll of 2,915 workers.In 2011, the workforce was composed of 3168 employees, so staff will decrease by 8%, mainly in the category of full-time permanent staff.
The low specificity can be attributed to pending retirements fixed payroll, many of which have not materialized due to the unavailability of resources.