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).
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
POLITICS: Challenges facing the new Government of Guyana – By Sir Ronald Sanders
The one upside of the challenges facing the Government of Guyana after a 5-month impasse in declaring the result of general elections on March 2, is that the country’s economic growth in 2020 is projected at a whopping 52.8% – surpassing all 26 Latin American and Caribbean states. This trend is likely to continue for many years to come.
Guyana has become a hotbed for new oil and gas production. Since 2015, there have been 19 oil discoveries, resulting in estimated recoverable petroleum resources of more than 8 billion barrels. Between December 2019 and June 2020, this newly found wealth in oil and gas provided the government US$95M in royalties paid by ExxonMobil from its first two oil sales. Continue reading →
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