Airport contract haze might discourage overseas financing

Carl Greenidge

Guyana cannot ignore the serious sanction from the World Bank on the China Communications Construc-tion Company, the parent company of the firm contracted to execute expansion works on the Cheddi Jagan International Airport Timehri (CJIA), Timehri according to Shadow Minister of Finance Carl Greenidge.

“The government was seeking at one stage from the World Bank money to supplement financing [the] Amaila Falls Hydro Project. Obvious-ly it will be a handicap and it will discourage other entities like the IDB [Inter-American Development Bank]. You want to avoid the impression that you [awarded] a contract without the necessary due diligence,” Greenidge said in a comment to this newspaper.

At the moment, the IDB is yet to pronounce on the Amaila project and its support is critical since it represents a