The two-year construction timeline for the new Demerara Harbour Bridge insisted on by the government will remain, but negotiation with the builder, China Railway Construction Company Limited (CRCCL), has now seen the US$25,000-per-day penalty reduced to US$15,000, says Minister of Public Works, Juan Edghill.
“The penalty was not taken out but the negotiated sum is now US$15,000 per day…” Edghill told Stabroek News on Wednesday when asked about terms of the new contract.
Government had put in the draft contract documents that it wants the bridge to be built in two years and that for every day outside of that timeframe, a US$25,000 penalty would be incurred. “Capital cost increases if completion is projected to take beyond 2 years – imputed penalties; [US$25,000.00] per day,” the document had stated.
