Guyana, China seal financing deal for airport expansion
The Governments of Guyana and China yesterday signed a framework agreement for the provision of 825 million RMB or US$130 million for the expansion of the Cheddi Jagan International Airport, Timehri as officials insist that sufficient studies have been done to justify the investment.
The agreement – signed by Minister of Finance Dr. Ashni Singh and outgoing Chinese Ambassador to Guyana Yu Wenzhe – covers the provision of financing to execute the contract signed in Jamaica between the Ministry of Public Works and Communi-cations and contractor for the project China Harbour Engi-neering Company (CHEC). This contract for this project was signed in Jamaica on November 11, 2011 prior to which there had been no public information. Questions have also been raised with regard to the necessity of the single-sourcing of a contractor for the project.
Speaking to Stabroek News after the signing ceremony in the presence of President Donald Ramotar at the Office of the President yesterday, Minister of Public Works Robeson Benn said that …..To continue reading, login or subscribe now.