Bank of China lending US$172m for new bridge over Demerara

An artist’s impression of the new Demerara River Bridge

Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh said that the Government yesterday completed the electronic signing of a loan agreement with the Bank of China for 160.8 million Euros (US$172m) for the building of the New Demerara River Bridge.

This is according to a release from the Ministry of Finance.

In May this year, the Government signed the US$260M contract for the major new bridge as part of its plans to expand and modernize Guyana’s transport infrastructure.