About $4 billion to be invested in first phase of mega port facility at Parika

President Dr. Irfaan Ali on Thursday announced that a US$20 million contract was recently awarded for the first phase of an international port facility at Parika, Region Three (Essequibo Islands- West Demerara).

“That facility at Parika will have a cold storage facility for the farmers, it will have agro-processing facility for the farmers, packing facility for the farmers. The initial investment is almost US$20 million or $4 billion Guyana dollars,” President Ali said during a meeting with farmers at Hubu Village, Region Three.

He also announced that preparations are underway for the ferry service that will transport produce to markets across the Caribbean. The new port will allow Guyana to directly ship goods throughout the Caribbean, creating a streamlined export process that will bolster regional trade.

Earlier this year, President Ali explained that the port will also be equipped to accommodate cruise liners, giving tourists access to explore the rich offerings of the Essequibo tourism circuit.

The Parika port facility will add to the host of development projects currently underway in the region to drive economic growth. With major initiatives such as the Vreed-en-Hoop Shorebase, Gas-to-Energy projects, and the industrial hub at Wales, alongside expansive housing developments and critical road and drainage infrastructure, Region Three is poised to become a major engine of national development.