Guyana and Suriname – Corentyne Bridge : model design agreed upon

Aug 21, 2021- DPI Guyana

Guyana -Suriname Ferry – Corentyne River link

Guyana and its sister country Suriname have settled on the model for which the highly-anticipated Corentyne Bridge will adopt.

During a joint press conference at the Arthur Chung Conference Centre (ACCC) on Thursday, Guyana’s President Dr. Mohamed Irfaan Ali said he and Suriname’s Head of State, President Chandrikapersad Santokhi have settled on the approach for interested companies to design, build, finance, own and operate the Corentyne Bridge.

Earlier in July, eight companies were shortlisted to build the bridge linking Guyana to Suriname.
The proposals are to be submitted on September 16, 2021, following which a joint evaluation committee will assess the bids. Subsequent to the choosing of the successful bidder, the company will have one year to conduct a feasibility study on the bridge.         

“We both recognise that we now need to consolidate actions to choose from the shortlisted companies that have submitted Expressions of Interest for the construction of this bridge.

“Our sides have also agreed that a working group would be established which includes the addition of the Ministers of Finance to determine the investment and concessions package that would accompany this expression of interest in securing the financing, building, operating and ownership of the bridge,” President Ali said.

In October 2020, Guyana’s Minister of Public Works, Bishop Juan Edghill, MP, along with Surinamese Public Works Minister, Dr. Riad Nurmohamed visited the proposed site for the bridge.

During an engagement at the Pegasus on Thursday, President Ali shared that he and President Santokhi have been able to settle transportation impediments that affect private-sector-owned businesses that ply their trades in Guyana and Suriname.

“There has been an agreement on a number of issues that were raised by the private sector in removing hurdles and impediments to allow for smoother air travel and greater reliability on the ferry between Guyana and Suriname,” President Ali pointed out.

President Santokhi said the bridge would mark a new era for both countries in several areas.
“This bridge on the Corentyne River is not only important to facilitate the movement of persons and goods, trade and cross border cooperation. It also symbolises a transition from the old to a new era. The era of wellbeing and prosperity of our people and freedom, democracy and the rule of law,” the Surinamese President said.

Guyana and Suriname have shared diplomatic relations since November 25, 1975. In November 1998, the countries entered into a joint-venture arrangement for the Canawaima Ferry Service Incorporated, which has facilitated trade and travel for citizens of both countries. President Santokhi assured that the ferry service would be operationalised once again. (DPI)

Post a comment or leave a trackback: Trackback URL.

Comments

  • brandli62  On 08/24/2021 at 3:12 pm

    Guyana’s President Dr. Mohamed Irfaan Ali said he and Suriname’s Head of State, President Chandrikapersad Santokhi have settled on the approach for interested companies to design, build, finance, own and operate the Corentyne Bridge.

    The chosen model “design, build, finance, own and operate” means that the company building the bridge will shoulder all the financial risks. I am afraid that this inevitably will result in toll fees so high that nobody will use the bridge. Hence, the ferry operators on the Corentyne river do not have to fear that they will go out of business anytime soon…..

  • wally n  On 08/24/2021 at 3:21 pm

    You are correct sir,
    see Canadian Highway in Ontario ……..
    Worst deal ever? The 407 is worth $30B today – Ontario sold it for $3.1B in 1999.

    I am convinced that politicians know they will all be dead when the $#%^^ hits the fan, they had their cut and leave the mess on taxpayers.

  • brandli62  On 08/25/2021 at 3:18 am

    I am also wondering whether there will be a company is willing to build the bridge under the “design, build, finance, own and operate” model. The cost will probably be around USD 50 million. How many years will it take for the company to make a profit from road tolls? Given the example of the traffic volume over the bridge between French Guiana and Brazil (see link to NY Times article below), I predict that no sane company will want to shoulder the financial risks. The bottom line is that such infrastructure projects need to be financed by the national governments with help from the international community. The EU and France might be interested in helping, if it is part of a highway corridor linking Georgetown with Paramaribo and Cayenne.

    Linking Brazil to French Guiana, a Bridge for No One

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s