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Articles Of Interest

New Demerara Harbour Bridge Will Be From Nandy Park To La Grange

Denis Chabrol | 26/09/2020

Government has decided to build the new Demerara Harbour Bridge from Nandy Park, East Bank Demerara to La Grange West Bank Demerara.

Public Works Minister Juan Edghill says the Request for Expressions of Interest will be publicly advertised this weekend and the deadline will be in early December.

President Irfaan Ali  Saturday afternoon led a team of engineers to locations at Nandy Park. He says the bridge will be a fixed, four-lane high-span facility. “Let me very clear; we have to complete this bridge within four years,” he said.

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Brazil Hails Guyana As ‘New Dubai’ Of The Hemisphere

Story Editor | 04/09/2020

Guyana is being hailed as the new Dubai of the region with its new found oil and natural gas wealth. According to the Hon. Paulo Roberto Nunes Guedes, the Economy Minister of Brazil, his country is both happy and ready to continue and begin new forms of trade relations with Guyana.

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US$1.4b Luxury Project For Mahaica

Stabroek News | 29/08/2020

In a press release yesterday, Construction and Invest-ment Management Group (CIMGRO), headed by two Guyanese businessmen, Ragindra Persaud (www.nandpersaud.com) and Sudama Ramalingum of New Trend Auto announced that construction would begin on the Maraiko Bay Golf & Country Club; the first of two Championship PGA-standard golf courses. This construction is being billed as Phase I of Maraiko Bay, a 1,000-plus-acre US$1.4B oceanfront megaproject.

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World Economy May Be Crashing But Guyana Still Seen Growing 53%

Matthew Bristow | 14/04/2020

The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year. The country is in the process of becoming a major oil producer, as it starts to tap massive offshore fields which are estimated to hold 8 billion barrels of crude. Energy companies including Exxon Mobil Corp, Hess Corporation, China’s CNOOC Ltd. and Tullow Oil Plc have invested in the country.

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Gov’t Optimistic CJIA Expansion Works To Be Done By Deadline

Stabroek News | 20/03/2020

As government yesterday expressed optimism that the Cheddi Jagan International Airport expansion project will be completed for the December 31 deadline as works are on track, it also announced that Chinese contractor China Harbour Engineering Company (CHEC) has already completed 90 per cent of outstanding issues it agreed to remedy last December.

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Guyana: Global Oil’s New King Of The Heap

- | 06/03/2020

Guyana’s oil, only just being commercialized, promises to transform the nation’s wealth. How can the South American country make the most of it? I delved deeper with our senior analysts Luiz Hayum (Latin America Upstream), Peter Martin (Economics), and Graham Kellas (Fiscal).

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