Bold vision

President Dr Irfaan Ali recently outlined his government’s vision for Guyana’s future, emphasizing transformative projects that would solidify the country’s status as a regional trade hub and energy-secure nation. Speaking at the grand opening of the US$300 million Vreed-en-Hoop Shore Base in Region Three, Ali articulated a comprehensive strategy focused on critical infrastructure, such as the development of a deep-water port and the advancement of Phase Two of the Gas-to-Energy (GtE) Project. These initiatives are central to his administration’s blueprint for the structural transformation of Guyana, a goal he is determined to achieve in his second term.
The President’s confidence in the feasibility of these projects is not without merit. He highlighted the unique advantages Guyana possesses: access to fresh water, fertile land, proximity to the Atlantic Ocean, and soon the lowest energy costs in the region. With these assets, Ali envisions a thriving economy that not only meets domestic needs, but also positions Guyana as a competitive player in global markets. “Just imagine if we convert that import, much of which is value-created goods, to exports,” he said, underscoring the transformative potential of bolstering local production and trade.
Ali’s remarks also highlight a pragmatic understanding of the challenges ahead. He emphasised the necessity of collaboration between the Government and the private sector, stating, “It requires a government that will fight to create the enabling environment and trade opportunity, and then a private sector that must fight alongside the policymaker.”
This partnership will be instrumental in realizing large-scale investments and creating opportunities for Guyana to assert itself as a transshipment hub.
The President’s commitment to these projects reflects his broader approach to governance: creating a stable and conducive environment for economic growth while addressing the infrastructure gaps that have historically hindered the country’s potential. His administration’s strategic focus on the Gas-to-Energy Project and the deep-water port exemplifies this dual approach. Phase One of the GtE Project, currently under construction in Region Three, is a testament to the Government’s ability to deliver on its promises. With the project on track to supply 300 megawatts of power and cut electricity costs by half, it is a game-changer for the local economy, and a clear indication of the administration’s commitment to energy security.
Ali’s emphasis on a deep-water port is particularly significant. As Guyana’s economy continues to grow, the need for a modern, efficient port facility becomes increasingly urgent. The proposed deep-water port would enhance Guyana’s connectivity with international markets, reducing transshipment challenges and enabling the efficient export of goods. It would also open up new opportunities for trade with neighbouring Brazil, leveraging Guyana’s strategic access to the Atlantic Ocean.
The President’s remarks make it clear that the port project is not just a priority, but a necessity. “In the second term, it’s not whether it will happen; it must happen,” he declared, underscoring the urgency of this investment. The port is expected to address logistical and financial bottlenecks while fostering economic diversification and job creation.
While the President exuded confidence in his administration’s ability to deliver on these transformative projects, he has also been candid about the challenges. The Gas-to-Energy Project, for instance, has faced delays in site preparation, leading to an extension of the contractor’s timeline. However, the Government’s firm stance —including the imposition of liquidated damages if the contractor fails to meet the revised deadline — demonstrates its commitment to accountability and timely delivery.
Similarly, the deep-water port project has encountered hurdles, including sedimentation issues and high dredging costs at the initially proposed location in Region Six. These challenges have necessitated a re-evaluation of the project’s design and location, but the administration’s willingness to adapt and find solutions reflects a proactive approach to governance.
Ali’s bold assertions about his second term indicate a leader who is not only confident in his government’s track record, but is also optimistic about the future. His administration has laid the groundwork for transformative change, and the progress made on projects like the Gas-to-Energy initiative and the Vreed-en-Hoop Shore Base is evidence of its ability to deliver results. The President’s focus on creating an enabling environment for investment and trade, combined with strategic infrastructure development, positions Guyana as a beacon of growth in the region.