Potential investors call for port facilities in Region One

Region One may be earmarked for a port of entry following requests made by prospective investors in the region, who would need docking and shipping facilities to facilitate the progress of their operations, a Government Information Agency (GINA) release has said.

The release said this followed meetings with representatives from the Guyana Geology and Mines Commissions (GGMC), the Guyana Forestry Commission (GFC) and the Guyana Lands and Surveys Commission. The idea came out of a five-day venture to the region to promote diversified economic activities by the Guyana Office for Investment (Go-Invest), following which another meeting was held with the team of local and overseas investors. The release said the meeting was held at Hotel Tower on Monday and was attended by Prime Minister Sam Hinds, who led discussions with Essar Steel of India, Jaling Forest Enterprises of China and other investors from the mining sector. Hinds was also a part of the five-day visit to the region with the potential investors.

According to the release, Essar Steel will be investing in manganese mining near Port Kaituma. It intends to transport ore via 18-tonne highway trucks to a storage and shipping facility at the port/canal in Port Kaituma and as such requested increased storage space, customs and immigration facilities.

Further, Hinds said, plans are afoot to change the fortnightly ferry service to a weekly service and the release further stated that workshops in the region for marketing, technical training and the preservation of organic agriculture are also proposed.