Unilateral bridge toll cut will undermine public-private partnerships -PSC

The Private Sector Com-mission (PSC) has noted the motion passed by the National Assembly to lower the Berbice River Bridge toll and says that any unilateral imposition of this will erode investors’ confidence in future public/private partnerships.

“While the Berbice Bridge Company Inc. provides a public good, it must be noted that Capital and Management have been mobilized from both private and public stakeholders that were guaranteed certain terms and conditions prior to investments that are expected to prevail after these investments were made,” the PSC said in a press release. It noted that any breach of such terms and conditions will result in a loss of confidence by private investors in the government and more so the state.

Further, the PSC said, if the decision taken on Thursday by the National Assembly is implemented future development projects that are expected to follow the model of public/private partnerships will be significantly undermined.

According to the PSC, any reduction in the toll must be based on the results of a thorough socio-economic analysis and by mutual consent of the management, board, investors and government on behalf of the people and State of Guyana.






More in Local News


About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Get the day's headlines from SN in your inbox every morning:

Most Read This Week

  1. Convicted drug trafficker Barry Dataram about to be handed over to local enforcement officials by the Suriname police. Inset is the information page in the fake passport for “David Persaud” that was being used by the fugitive. (Royston Drakes photos)

    Dataram, wife returned to Guyana

  2. Back in court: In this Keno George composite photo, Barry Dataram (left) and his wife Anjanie Boodnarine at court yesterday to answer three charges including fleeing the jurisdiction.

    Dataram to serve eight years in jail after guilty plea to new charges

  3. Yansen Brusche

    Ulverston mom of four stabbed to death by children’s father

  4. Ameer Subrati

    Man dies after bandits target overseas-based couple at Herstelling

  5. US Ambassador Perry Holloway and Finance Minister Winston Jordan shake hands after the signing of the agreement yesterday.

    Guyana inks pact for reporting to IRS on holdings of US citizens

  6. Updated: Man dies after bandits attack overseas-based Guyanese at Herstelling

  7. Barry Dataram

    Datarams getaway passports had been issued to other people

  8. Dr. Prudence Lewis-Bhola

    Prudence Lewis-Bhola appointed as CEO of broadcasting authority

  9. Bharrat Jagdeo

    Crime has never been this bad – Jagdeo

Recommended For You