…new Govt reduces APNU/AFC’s US$208M inflated cost to US$50M
Traffic congestion in Georgetown and along the East Bank of Demerara (EBD) is a nightmare for thousands of commuters traversing the roadway. However, relief is in the pipeline, as the impending construction of the Diamond/Ogle bypass road has progressed to the point where the project contract is likely to be awarded by this year’s end.

In an interview with this publication, Junior Public Works Minister Deodat Indar made this disclosure, and explained that by the time the People’s Progressive Party (PPP) took office, the Indian Export/Import (Exim) Bank-funded project had ballooned to US$208 million.
Originally, Guyana had signed a US$50 million loan with the Indian Exim Bank in 2016 for the project. Then, in 2018, former Finance Minister Winston Jordan had abruptly announced that the project would end up costing US$120 million. By 2019, that price had shot up to US$175 million. The new increase of US$208 million has taken into account the cost of earth works and developing swampy tranches of land in Mocha, EBD.
According to Indar, the new Government has succeeded where APNU/AFC failed, by redesigning the project to fit into the original US$50 million cost bracket, which the Indian Exim Bank is willing to fund.









