Govt may have to co-invest in a deep-water port for Guyana – VP Jagdeo

Govt may have to co-invest in a deep-water port for Guyana – VP Jagdeo

– says facility would end transshipment woes In light of increasing transshipment challenges that local businesses face in getting goods into the country, the Guyana Government could potentially co-invest in a deep-water port here given the demand for such a facility in this rapidly growing economy. This was the view of Vice President Dr Bharrat Jagdeo while addressing stakeholders at the Guyana Manufacturing and Services Association (GMSA) Annu…

Guyana mulls development bank, deep-water port

The Guyana government might re-establish a development bank between 2025 and 2030 and co-invest in the construction of a deep-water port, Vice President Bharrat Jagdeo announced Thursday. He told the Guyana Manufacturing and Services Association's (GMSA) annual awards ceremony that the planned financial institution would offer financing for small- and medium-sized businesses. "At some point…

Guyana needs deepwater port, gov’t may have to co-invest in venture - Jagdeo - News Room Guyana

Vice President Dr. Bharrat Jagdeo, in no uncertain terms, said Guyana needs a deepwater port but Thursday contended that the government may have to co-invest in the much-needed venture due to the size of the investment required. Jagdeo said the “large-scale” investment could cost more than US$1 billion. To make this investment competitive and fully functional, the Vice President said the port would have to support a myriad of businesses. And he …