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Govt takes over Berbice Bridge temporarily; tolls to remain the same

The Guyana government on Monday temporarily took over maintenance and operations of the Berbice River Bridge, under what it says are provisions of the law governing that thoroughfare and that the tolls would remain the same. “Therefore, in accordance with the powers conferred upon the Minister by Sections 4 (1) and 11 of the Berbice River Bridge Act, in the ...

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Berbice Bridge Company asks govt for 19-year extension of concession to avoid massive toll increases

The Berbice Bridge Company Inc. (BBCI) wants government to extend its concession by another 19 years to avoid a 400 percent increase in tolls from November 12. In a letter dated November 2, 2018 to Minister of Public Infrastructure David Patterson, the Finance Controller/Corporate Secretary of the Berbice Bridge Company  Stephen Rambajan indicated that much would depend on the outcome ...

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Oil and gas bringing more dollars, jobs, higher standards- govt, Edison Chouest officials

Guyana’s oil and gas industry is already boosting jobs, standards and investment opportunities ahead of first oil expected in early 2020, and the work-ethic by Guyanese aboard support vessels for ExxonMobil is already coming in for high praise. “We are just extremely pleased with all of the employees we have working with us so far and their attitude and their ...

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DDL opts out of bidding for Enmore estate

Demerara Distillers Limited, DDL, on Friday announced that after much deliberation, the company decided not to submit a bid for the Enmore Sugar Estate over its inability to find the right due diligence model. The announcement comes after the Special Purpose Unit (SPU) of the National Industrial & Commercial Investments Limited (NICIL) announced that the tender for the sugar estates, ...

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Govt provides sketchy info about companies interested in buying state-owned sugar estates ; DDL did not bid

The Special Purpose Unit of the Guyana government’s holding company for government assets on Friday released the names of the five companies that have bid to buy out the four estates of the state-owned Guyana Sugar Corporation (Guysuco), but did not disclose the details of the entities. A senior official of Demerara Distillers Limited (DDL) did not tender for Enmore ...

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Town Clerk comes under spotlight for multi-million dollar City works without contracts

Town Clerk Royston King was Friday upbraided for merely having verbal agreements with a number of private contracting companies instead of written contracts for multi-million dollar works Among them is a deal with XL Engineering or GYD$150 million on the basis of a verbal agreement, he told the Commission of Inquiry into operations of the Mayor and City Council, among himself, ...

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10 submissions for three government-owned sugar estates; concerns raised about competition with Guysuco

Several companies, including a United States (US) company with Middle Eastern connections, have bid to buy three of the six sugar estates owned by the Guyana government, on condition the buyers would continue to plant sugarcane and guarantee local employment, officials said Thursday. Managing Director (Deals) of PricewaterhouseCoopers Tax and Advisory Services Limited, Wilfred Baghaloo said the prospective investors, before ...

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House unanimously passes GYD$2.4 billion for Guysuco’s severance pay

The National Assembly Wednesday night unanimously approved  GY$2.451 billion to pay remaining severance to 4,723 sugar workers who have been laid off with the closure of several estates across the country. The results of a division (count) showed that 62 parliamentarians voted in favour of the amount after a spirited series of questions posed by the People’s Progressive Party’s Komal ...

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PPP govt spent almost GYD$100 million on medical expenses for ministers; no immediate answer on APNU+AFC govt’s total medical insurance payment

The People’s Progressive Party Civic (PPPC)-led administration spent almost GY$100 million on medical and dental expenses from 2012 to 2014, but Health Minister Volda Lawrence could not immediately say how much her ministry was paying in 50 percent insurance premiums for ministers and their families. In response to questions by opposition PPP parliamentarian, Juan Edghill, the Health Minister said in ...

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Guyanese could get increased salaries, other improvements in 2020, the year of First Oil

Finance Minister, Winston Jordan on Wednesday hinted that government workers would receive salary increases when in 2020 when Guyana begins producing oil estimated to rake in about US$300 million in that year. “I foresee improvements in the social and economic status of Guyana. I foresee progressive improvements in the human, cultural and every other developmental aspect of the country,” he ...

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