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

Tenders for new Demerara Harbor Bridge to open on Oct. 3

As the government advances the process towards building a new four-lane, high-span fixed bridge across the Demerara Harbour Bridge, President Dr. Irfaan Ali announced on Monday that tenders are expected to be opened on October 3, 2021. According to President Ali, the new bridge is part and parcel of the People’s Progressive Party Civic (PPP/C) … Read more

Fiscal Incentives for the last five years to be published in Official Gazette – Tax Chief

In keeping with the laws of Guyana, the Guyana Revenue Authority (GRA) will, next week, publish fiscal incentives it has granted from 2012 to 2016. According to GRA’s Commissioner General, Godfrey Statia, this is an anomaly that has been unaddressed for too long.Statia noted that according to Section 37 of the Investment Act, Government should … Read more

Govt.’s call to Auditor General falls on deaf ears …as concessions granted still not published in the media

It was in September 2015 that the Coalition administration issued a stern call to Auditor General, Deodat Sharma, to have all concessions granted within the year, published in the media. But more than two years later, it appears that the Government’s call has fallen on deaf ears. The administration had vowed that under its rule, … Read more

All concessions must be published – Minister of Governance

The administration is adamant about bringing a fresh approach to every tier of governance. In this vein, Minster of Governance, Raphael Trotman, issued a stern call to the country’s auditor General, Deodat Sharma, to respect the laws of the country. The Auditor General must also ensure that all concessions as stipulated in the law are … Read more

Investors for Sanata Textiles deal get…Five-year tax hoildays, customs waivers, duty-free concessions

The concessions granted to the investors of the Sanata Textiles complex are according to law and in keeping with what is offered to any new project, Government said yesterday. During a press conference at the studios of the National Communications Network (NCN) to clear the air over the Sanata deal, Head of the Guyana Office … Read more