In a significant leadership transition, the outgoing Board of Commissioners (RvC) of Surzwam N.V. officially handed over control to the newly appointed Board during a special meeting held on Thursday. The ceremony, attended by both Boards, marked the formal transfer of documents, financial records, and responsibilities. Pertap Bissumbhar, the outgoing Chairman, passed the financial and administrative documents to his successor, John Lecton, the new President-Commissioner. Key documents included the annual accounts, with the 2024 report still in draft form, a summary of debtors and creditors revealing Surzwam N.V.’s receivables of approximately SRD 49.5 million from the State and SRD 1.5 million from private debtors, and outstanding obligations worth around SRD 5 million, including SRD 920,000 in unpaid salaries and emoluments over the past three months. The outgoing RvC emphasized that both the previous and current governments were timely informed about the company’s precarious financial situation. Additionally, a detailed report on the ‘Winti Wai’ project, executed in collaboration with the presidential task force “Development Winti Wai & Pontbuiten,” was handed over. The project, which involved maintenance work on the Pararivier, was 80% completed, achieving an estimated 50% cost savings for the government. The remaining 20% was executed via a pontoon due to limited accessibility from the riverbank. An updated inventory list, including equipment acquired in October 2020, was also provided, along with correspondences regarding two land applications, one of which has already been allocated to a third party, against which Surzwam N.V. has formally objected. The outgoing RvC noted that plans to commence sand extraction (fill and sharp sand) have been delayed due to a lack of resources, impacting this and other projects.