Category Archives: foreign investment

GUYANA: US$260M contract signed for new Demerara River Bridge

May 26, 2022 Kaieteur News – By Alliyah Allicock

Kaieteur News – Following some five months of negotiations with China Railway Construction Corporation (CRCC) and its partners, the Government of Guyana through the Ministry of Public Works on Wednesday signed the contract for the construction of a new US$260 million Demerara River Bridge (DRB).

A 3D model of the new Demerara Harbour Bridge which was released earlier this year.

The project which was awarded to CRCC and its partners China Railway Caribbean Company Limited and China Railway Engineering Bureau Group Company Limited will see the construction of a modern four-lane structure linking Region Three and Four.               Continue reading

GUYANA: Agri-Investment Forum – Letter to Editor – By Eusi Kwayana

Dear Editor: — Letter By Eusi Kwayana – Submitted on May 19, 2022

Oily, newly rich Guyana has become a center of assembly for various bodies of state and private officials who wish to justify their activities in economic projects with popular appeal of wealth creation; even though some of them will aggravate the climate crisis in a region already highly vulnerable to climatic crisis.

Some months ago, there was the energy symposium at which the voices of perceptive Guyanese critics were repressed. Yesterday the Agri-Investment Forum opened in our capital city.

Unlike the menace posed by oil exploration and its hazards, agriculture is without a doubt population friendly.  If well planned with popular participation, it can be one of the most beneficial of economic activities.            Continue reading

GUYANA: Moves to strengthen economic relations between Guyana & USA

The Bilateral Chamber of Commerce and the Private Sector Commission (PSC) have pledged to leverage their combined resources to strengthen economic relations between the United States and Guyana.

This is made possible through the signing of a Memorandum of Understanding between the two entities earlier this month in Houston, Texas.

The signing ceremony was witnessed by Guyana’s Minister of Natural Resources Vickram Bharrat, US Ambassador to Guyana Sarah-Ann Lynch, ExxonMobil executives Dr. John Ardill and Alistair Routledge, and CEO of Go-Invest Guyana Dr. Peter Ramsaroop.      Continue reading

GUYANA: Gold and Other Mining: ‘Large-scale thievery coming’ – Opinion by Glenn Lall

Glenn Lall

– mega gold firms spell more doom for Guyana
– country has little to show for Omai, Troy Resources, RUSAL investments

Government’s announcement that three large scale gold firms are poised to set up shops here is cold comfort to Guyanese who continue to be short-changed by foreign investors, businessman and Publisher of the Kaieteur News, Glenn Lall has said.

Meanwhile, even as Dr. Singh spoke about the benefits from these possible new gold mining operations he did not disclose the names of the firms and Mr. Lall believes something is sinister in this move. “Three more larger than Omai companies coming soon. He did not name them nor did he tell us where they are coming from or what the deal is. All he said, Guyana will benefit [with slice bread money]. When a leader could tell you consider the food and other supplies, transport services and 1,000 people who gon get jobs, in which a company will fetch out billions in US dollars from we backyard, speaks of the tragedy that they are creating for us.”            Continue reading

GUYANA: OIL: Read the latest edition of the ENERGY Magazine – Q1 2022 Edition

Read the latest edition of Guyana’s Energy Magazine –  Q1 2022 – 52 pages

Read the latest edition of Guyana’s Energy Magazine –  Q1 2022 – 52 pages

GUYANA: Government makes first withdrawal of US$200M from Natural Resource Oil fund

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This is the first withdrawal that has been made from Guyana’s oil wealth fund.

The withdrawal was announced on Tuesday night via a press release from the Ministry of Finance, which indicated that this sum has been transferred to the Consolidated Fund to finance national development priorities.

According to the release, the withdrawal was done in accordance with the Natural Resource Fund Act of 2021.          Continue reading

GUYANA: ZOOM Event: The Oil Contract: a review – Moray House Trust – Thursday 12th May 2022

MHT PANEL OIL CONTRACT FLYER.png
You are warmly invited to join us for a Moray House Trust panel and discussion:
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Title:            The Oil Contract: a review
Speakers:    Dr. Vincent Adams, Fred Collins (TIGI), Darshanand Khusial (OGGN), Chris Ram

Date:           Thursday 12th May 2022

Time:           5.00 PM Guyana/ NY/ Toronto
                    10.00 PM London
Platforms:        Continue reading

GUYANA: Bolsonaro says will encourage and incentivise Brazilian businesses to invest in Guyana

As Bolsonaro addressed members of the press in Georgetown during his one-day visit on Friday, he promised that on his return to Brasília, he will not only encourage, but he will incentivise members of the Brazilian business community to bring their businesses here.

“My visit here has been promising for our countries and people,” he said during brief comments at the Arthur Chung Conference Centre (ACCC).    Continue reading

GUYANA-SURINAME: US$2M contract signed for design of Corentyne River Bridge

An artist’s impression of what the Corentyne River Bridge

A US$2 million contract was inked on Wednesday in Suriname for the feasibility study and design of the Corentyne River Bridge.

Minister of Public Works Juan Edghill and his Surinamese counterpart Riad Nurmohamed signed the contract with WSP Caribbean Limited.

The contract will last for seven months and the project is expected to be awarded by early 2023.            Continue reading

GUYANA: Construction to start in June on 150-room Marriott Hotel at Ogle

TRINUYANA Investments Inc. has signed the contract for the construction of a US$50 million Marriott AC, a four-star, 150- room hotel.

Under the contract, a five-storey full-service hotel will be built near the Eugene F. Correia International Airport, in Ogle, East Coast Demerara.


Signing with China Harbor . L to R – Andron Alphonso, Richard Smith, Mr. John Aboud, of Trinuyana and Mr. Sammy Chen and Zoey Yang of CHEC
TRINUYANA Investments Inc. is a conglomerate of Guyanese and Trinidadian investors.
Continue reading
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