Guyana to draw $16B in UK grant funding

From left are Minister of Finance Winston Jordan, Minister of Public Infrastructure David Patterson, British High Commissioner to Guyana Greg Quinn and other other officials. (Ministry of Finance photo)

Guyana is set to benefit from £53.2 million (around $16 billion) in grant resources from the United Kingdom under its newly established United Kingdom Caribbean Infrastructure Fund (UKCIF), the Ministry of Finance announced yesterday.

The funds will be applied to six major infrastructure programmes, including waterfront development, water supply improvement and solid waste management, the ministry said in a statement. “The identified interventions will see improved road networks, bridges, stellings and waterfronts, rehabilitation of airstrips, reliable access to potable water and reduced energy costs as well as tackle the environmental and health risks associated with the improper disposal of waste,” the ministry said.

The statement revealed that Minister of Finance Winston Jordan along with Minister of Public Infrastructure David Patterson and Minister of Communities Ronald Bulkan last week met with British High Commissioner Greg Quinn and representatives of the