Category Archives: Guyana infrastructure

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

05/27/2022 – 12:12 am

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 →

By guyaneseonline | Also posted in Chinese investment in Guyana, Economics/Finance, foreign investment, Government, Guyana, Personalities | Tagged , , , , , | Comments (0)

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

05/10/2022 – 3:30 pm
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 →

By guyaneseonline | Also posted in Commentary, Economics/Finance, Education, Energy- Oil and Gas, foreign investment, Government, Guyana, Oil Exploration, Personalities, ZOOM Events | Tagged , , , , , | Comments (1)

GUYANA: Port of Vreed-en-Hoop: More than just a shore base – OilNow

05/10/2022 – 12:32 am
OilNOW – 09 May 2022
OilNOW is an online-based Information and Resource Centre
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On the surface, the multi-billion dollar ‘Port of Vreed-en-Hoop’ may seem like it will be a regular shore base facility, but it’s intended for much more than that.

Three businessmen – Andron Alphonso of ZRN Investment Inc., Nazar Mohammed of Hadi’s World Incorporated and Nicholas Deygoo-Boyer of National Hardware Guyana Limited – envisaged the creation of a commercial port and an industrial area that is consistent with the spirit of Guyana’s Local Content Policy to see Guyanese being at the forefront of benefitting from their national patrimony.

This idea birthed NRG Holdings Inc., a 100% Guyanese-owned consortium and the developer of the Port of Vreed-en-Hoop.          Continue reading →

By guyaneseonline | Also posted in alternate energy, Business, Energy- Oil and Gas, Government, Guyana, Oil Exploration, Personalities, Politics, Technology, Transportation | Tagged , , , , , , , , | Comments (1)

GUYANA: ‘IDB warns Guyana against wild spending’

05/07/2022 – 1:57 am

May 06, 2022 – Kaieteur News –

– says govt must pay heed to the country’s absorptive capacity regarding mega projects
– cautions significant oil revenues leave Guyana vulnerable to detrimental impacts of Dutch Disease

Kaieteur News – The current proven reserves in the Stabroek Block, which total almost 11 billion barrels of oil equivalent resources, along with the string of recent discoveries for 2022, will no doubt, produce rapid changes in Guyana’s overall economic structure. One of the most immediate effects will be the increase in the country’s Gross Domestic Product (GDP).

However, an increase in GDP does not translate to higher standards of living for citizens, who are the true owners of the oil wealth. In light of this irrefutable fact, the Inter-American Development Bank (IDB) is once again urging Guyana to place greater focus on ensuring the oil wealth leads to economic transformation and not the mere doubling of GDP.                Continue reading →

By guyaneseonline | Also posted in Business, Commentary, Economics/Finance, Energy- Oil and Gas, Government, Guyana, Politics, poverty | Tagged , , , | Comments (2)

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

05/07/2022 – 1:56 am
NewsRoom Guyana – 

Brazil’s President Jair Bolsonaro

President Jair Bolsonaro has committed his efforts to encouraging Brazilian investments in Guyana as he talked up the possibility that there could soon be a flood of investments from that country here.

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 →

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

05/05/2022 – 9:41 pm
BUSINESS –-400 jobs to be created during construction
By Editor- News Room- Guyana-  
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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GUYANA: ‘The blackout nightmare’…. Govt. of deliberately keeping nation in “dark ages” – Opinion

05/03/2022 – 12:40 am

Glenn Lall

May 01, 2022 – Kaieteur News – By Glenn Lall

– flags wasteful spending with no results to show

“The Coalition went in, blackout stopped and GPL was running and making money. As soon as the PPP come back, the nightmare returns and GPL gone back being a milking cow.” – Glenn Lall

Amid an increase in power outages across the country, businessman and publisher of the Kaieteur News, Glenn Lall has called for a radical shake-up of the Guyana Power and Light (GPL) and he said it is not a coincidence that since the PPP/C has returned to government the electricity sector here has drastically declined. He questioned the huge amounts of money that has been pumped into the sector over the years with little to show for it.          Continue reading →

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GUYANA: The story behind new National Geographic spotlight on Guyana + videos

04/24/2022 – 12:06 am

— Exploring islands in the sky: 

April 22, 2022 – By Tony Thorne

Guyana is featured in the cover story of the April edition of the National Geographic magazine. The feature, “Up the Mountain, to a World Apart,” is 36 pages inclusive of pull-outs and maps covering the full story of the adventure by climber Mark Synnott with stunning photography by Renan Ozturk. This level of coverage would easily be valued at US$1,000,000.00 and an immeasurable value in highlighting Guyana to the world.

Today, the Disney+ streaming service will air the one-hour National Geographic Explorer documentary, The Last Tepui, bringing even more attention to the amazing topography of Guyana. Undoubtedly the magazine story and the documentary will help thrust Guyana into the forefront of adventure-seeking tourists, adventurers, scientists and documentary-makers.        Continue reading →

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GUYANA: Failed Government Projects – Accountability and Controls Required — Opinion

04/23/2022 – 12:06 am

Stabroek News Editorial

By April 22, 2022

In a recent column in this newspaper former Auditor General Anand Goolsarran drew attention to three major projects which had been financed by China’s Exim Bank and which he described as having failed. As a result the nation was left with significant debt. A fourth failed project to which he adverted had been funded by the Exim Bank of India. All of these ventures intended to develop the country had been embarked on when the PPP/C was previously in office.

The one which is often cited by critics as the classic case of a white elephant is the Skeldon sugar factory, the inspiration of Vice President Bharrat Jagdeo when he was head of state. It was intended as part of the Skeldon Sugar Modernisation Project which encompassed enlarged areas under cane, a refinery and co-generation of electricity for the national grid, estimated at a total cost of US$165 million.

Continue reading →

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GUYANA: Failed Infrastructure development projects financed by Exim Bank of China – By Anand Goolsarran

04/15/2022 – 12:06 am

– says little to nothing achieved but country saddled with debt

By April 4, 2022
Mr. Goolsarran was a former Guyana Auditor General. He has a weekly column in the Stabroek News.
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In today’s article, we discuss some of the above projects that also ran into serious difficulties during their execution. We refer to the Skeldon Sugar Modernisation Project, the One Laptop Per Family and the Fibre Optic Cable Project.

In last week’s article, we discussed the Cheddi Jagan International Airport Expansion Project which, after ten years since the design and construction contract was signed, is yet to be completed. The main reason for this state of affairs is the absence of feasibility studies prior to the contract award, to determine the precise nature and scope of the works to be undertaken, coupled with a lack of effective supervision as the works progressed. The Project is financed by a loan from the Exim Bank of China, with counterpart funding from the Government of Guyana. Table I shows the list of projects in Guyana that are financed by loans from the Exim Bank of China since 2005:      Continue reading →

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