Category Archives: Guyana infrastructure

GUYANA: Four Points by Sheraton in Houston fits into expansion of economic zone – President Ali

– Says project strategically aligned to Govt’s development goals

His Excellency Dr Irfaan Ali said that Four Points by SheratonMarriott Bonvoy to be constructed at Houston, along the new Eccles to Mandela Road link, is just one component of the rapid economic zone set to change the landscape of the country.

He noted that the hotel, which is being developed by Caribbean Green Building Inc., would be a “natural spin-off” for development and key to the growth and progression of the area.

He stated that the area would have a private sector industrial/commercial development to support the oil and gas sector, which would be a part of a huge commercial zone, an upscale housing development, a medical and technological zone, and a service hub.        Continue reading

GUYANA: Sod turned for US$300M Vreed-en-Hoop shore base facility (VEHSI)

Kaieteur News – On Tuesday June 21, 2022, the sod was turned for the US$300 million Vreed-en-Hoop Shorebase Inc. (VEHSI) which will sit on 400 hectares of coastal land.

The businessmen of NRG Holdings Inc., Azruddin Mohammed (first left); Andron Alphonso (third left), and Nicholas Deygoo-Boyer (first right) and other officials after the sod was turned

The VEHSI is being constructed by NRG Holdings Incorporated, a 100-percent Guyanese-owned consortium along with Hadi’s World Incorporated, National Hardware Limited and ZRN Investments Incorporated are the Guyanese investors involved in the project. They have partnered with Jan de Nul Group, a Belgian engineering and construction firm which offers marine services, offshore service, civil engineering, environmental management activities and project development.        Continue reading

GUYANA: MV Ma Lisha – New North West vessel ‘fit for purpose’– Government

 NewsROOM Guyana- 

The government on Monday defended the new US$12.7 million vessel, which will ply the route from Georgetown to the North West District in Region One (Barima-Waini), noting that the vessel was designed and built with specifications to operate in the conditions it is intended to.

“This is a boat that is being built from scratch, designed for the conditions that it has to operate in with specifications to meet the needs of the people in Region One,” Minister of Public Works, Bishop Juan Edghill said during a media briefing on Monday where he unveiled the model of the ship.        Continue reading

GUYANA: India delivers new US$12.7M North-West Guyana ferry

MV Ma Lisha launched

Jun 16, 2022  – Kaieteur News

Works on the new ocean-going passenger and cargo vessel which is set to benefit the people of Region One has been completed.

The vessel which is called MV Ma Lisha was being built in India to the tune of US$12.7 million by Gardens Reach Shipbuilders and Engineers Limited (GRSE) as part of the Government of India’s Line of Credit-cum-Grant project.

The newly built MV Ma Lisha, which will soon set sail for Guyana      Continue reading

GUYANA: Oil, Gas and the Environment- a review – Moray House Trust- June 9, 2022 – ZOOM event

OGE Panel Zoom.png

You are warmly invited to join us for a Moray House Trust panel and discussion:

Title:             Oil, Gas and the Environment: a review
Speakers:     Dr. Vincent Adams, Frances Carryl (EPA) and Melinda Janki
Date:            Thursday 9th June 2022
Time:            3.00 PM Guyana/ NY/ Toronto
                     8.00 PM London

GUYANA NIGHT: Guyana Office of Investment – Toronto. Canada – June 13, 2022

GUYANA: IMF warns Guyana about fast-tracking public investment projects

DEMERARA WAVES – by: Denis Chabrol – Friday, 3 June 2022

The International Monetary Fund (IMF) is warning Guyana against spending rapidly on public investment projects because this can have severe economic consequences.

Staff urges caution in determining the pace of ramping up public investment. While pressing development challenges still face the country, a large surge in public investment could add inflationary pressure, affect competitiveness of the non-oil economy, lead to an eventual loss in FX (foreign exchange) reserves, and might not be sustainable over the medium-term,” the IMF’s staff said in their concluding statement.          Continue reading

GUYANA: Construction of Amaila Falls Hydropower power project hits snag

Amaila Falls Hydro Electric Plant

Posted by: Denis Chabrol in DEMERARA WAVES -Monday, 30 May 2022

Six months after China Railway was identified as the preferred bidder to open negotiations for the construction of the US$700 million Amaila Falls Hydropower project, that company has told the Guyana government it could not afford a Build Own Operate Transfer (BOOT) model, Vice President Bharrat Jagdeo said Monday.

“The negotiations are very difficult and as of April 22nd, they wrote us saying that they are having a hard time doing the boot contract and they want to shift to an EPC (Engineering Procurement and Construction) plus finance; that the government finances the project and then they would be the EPC contractor,” he told a news conference.      Continue reading

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: 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:
.
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

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