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  • US$4.4M for studies on new Wismar Bridge, Parika stelling

    US$4.4M for studies on new Wismar Bridge, Parika stelling

    Business
    Regional
    July 31, 2018
    US$4.4M for studies on new Wismar Bridge, Parika stelling
    US$4.4M for studies on new Wismar Bridge, Parika stelling
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    The Board of Directors of the Caribbean Development Bank (CDB) has approved funding in the amount of US$4.4 million to finance feasibility studies and designs for the upgrade of the Lethem aerodrome, and the construction of a new bridge at Wismar and a new riverine transport terminal at Parika.

    “An effective transportation sector is essential for sustainable growth and development, as it connects people to the supply and distribution of goods,” said O’Reilly Lewis, Division Chief, Economic Infrastructure Division, CDB.

    “The proposed enhancements to the transportation sector in Guyana will cover road, air and river transport, providing opportunities for business development and enhanced employment,” he stated.

    In a press statement, the CDB said the selected sites are all considered to be priority areas for improvements by the Government of Guyana.

    It was noted that the Mackenzie-Wismar Bridge was constructed 51 years ago, and includes just one lane. On average, approximately 3,000 vehicles cross the bridge daily, which results in traffic congestion. It is a major connection point between Georgetown and Demerara, as well as to several interior locations and Brazil.

    The CDB stated that the Upgrading the Lethem aerodrome is expected to capitalise on current and future demands for travel between Northern Brazil, the Caribbean, Latin/South America and North America.

    According to the Bank, it is also expected to facilitate the development and expansion of businesses and other economic activities in the Region 9 area.

    The Parika riverine transport terminal is the main hub for riverine transportation services between Parika and the neighbouring communities separated by the Essequibo River. It has deteriorated over time and is becoming a threat to public safety.

    The project, to be implemented through the Ministry of Public Infrastructure in Guyana, will complement other CDB interventions, including ongoing work to improve sections of the road link from Linden to Lethem.

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