Major funding assigned in budget for new bridge over Demerara River

Some $21.1B has been allocated for the construction of the new, fixed four-lane high span Demerara River Bridge in this year’s budget, Minister of Finance Dr Ashini Singh said during his presentation yesterday.

Singh did not elaborate on the areas the allocated sum will be spent on but it is believed that the sum will be used to finance studies and construction of critical roads towards the beginning of the bridge work.

Additionally, the Finance Minister disclosed that $946 million has been budgeted to rehabilitate and maintain the aged existing floating bridge.