The proposed road to link Ogle, East Coast Demerara to Diamond, East Bank Demerara, will need roughly 3.5 times more money than the initial US$50 million that was secured, Minister of Finance Winston Jordan has said.
This would be about US$175 million, an increase from last November, when Jordan had indicated a price tag of US$120 million.
Nonetheless, the project will begin with the funds available, he said. Jordan was questioned by on the current status of the project last Wednesday after he presented the country’s mid-year economic report.
