Over $160 million will be invested in the start-up of the proposed Stone Aggregate Quarry at Arisaru in Region Ten.
Johil Commercial and Transport Agency recently applied for an environmental authorisation to operate a stone quarry at Arisaru, Essequibo River, in Region Ten and in its Project Summary said that projected start-up costs are estimated to be $164 million
It was stated that $115 million will go towards the plant, machinery and equipment, $8 million to mine development expenses, $9 million for building and civil works, $1.5 million for furniture and fixtures and $5.5 million for vehicles. Some $25 million is to be allocated for initial working capital.
