An investment of US$200 to US$600 million has been proposed for the nearly 1,000-acre Best Village, West Bank of Demerara, oil and gas shore base development, a project summary by the Environmental Protection Agency (EPA) states.
The consortium of local companies executing the investment says that mangrove destruction will be “insignificant”. Mangroves on the West Demerara were controversially removed by another company planning a shore base, Tristar.
“The proposed project area will fringe approximately 60 ha of mangrove forest comprising mainly black mangroves (Avicennia germinans)…” the project summary, uploaded on the EPA’s website on Tuesday stated.
