In his accountability series in Stabroek News, former Auditor General, Anand Goolsarran has homed in on three projects funded by China’s Exim Bank which he said had failed and left the country with significant debt.
He pointed out that four of the seven infrastructure development projects financed by the Exim Bank of China had run into serious difficulties during their execution stages.
He cited the Skeldon Sugar Modernisation Project; the One Laptop Per Family Project; the Fibre Optic Cable Project; and the Cheddi Jagan International Airport (CJIA) Project. All of these were contracted under former PPP/C administrations. He said that the first three had “failed completely” to deliver in terms of their objectives, outputs, outcomes and impacts, thereby “encumbering the Guyana’s public debt in the tune of US$115.4 million, with little or nothing to show for the expenditure incurred”.
