China State Construction Engineering Corporation awarded contract to build new Harbour Bridge

CABINET has granted its no-objection for the Ministry of Public Works to engage China State Construction Engineering Corporation Limited to construct the New Demerara Harbour Bridge (NDHB), based on a Design-Build-Finance (DBF) model. According to a Ministry of Finance release, the financial terms and conditions would be no less favourable than those submitted in the … Read more

Chinese company awarded contract to construct new Harbour Bridge

Guyana is close to building a new four-lane, high-span fixed bridge across the Demerara Harbour Bridge (DHB) after a Chinese Company – China State Construction Engineering Corporation Ltd. – was given the nod of approval from Cabinet to construct the new structure. The Ministry of Finance in a press statement late Monday night outlined that … Read more

China Railway group given ‘green light’ to build Amaila Falls hydro project

The China Railway Group Limited, a company that was initially selected to construct the massive Amaila Falls hydropower project in 2012, has once again been granted approval to construct this massive renewable energy project. According to a press release from the Ministry of Finance, cabinet granted its ‘no objection’ for the Office of the Prime … Read more

Sanata complex deal…Tax holidays not yet granted by GRA

Law contains deficiencies, inaccuracies, not exhaustive enough – Finance Ministry Government says that the legislation regarding tax holidays and concessions contain a number of obvious deficiencies and various inaccuracies and omissions. This is according to a release from the Ministry of Finance which sought to clarify the recent controversy surrounding the tax holidays and tax … Read more