Vice President Bharrat Jagdeo has emphasized the transformative impact of Guyana’s ongoing infrastructure projects on the country’s economic growth, income levels, employment, and social welfare.
Economic Impact
Dr. Jagdeo highlighted several key infrastructure projects that are set to boost Guyana’s GDP and create new economic opportunities:
- The new Demerara River Bridge: Expected to be completed later this year, this US$260 million project will significantly impact GDP and investment opportunities. The toll-free, non-retracting bridge will facilitate easier transportation of goods and open up new economic possibilities in Region Three.
- Gas-to-Energy Project: This initiative involves a 200-kilometer pipeline bringing gas from offshore fields to a Natural Gas Liquid plant in Wales. The project is expected to attract sustainable investments across various sectors and create numerous job opportunities.
Social Benefits
The Vice President also emphasized the social gains from these infrastructure investments:
- Healthcare Modernization: Twelve new hospitals are being constructed across various regions, including replacement facilities. This initiative aims to provide world-class healthcare to all Guyanese, regardless of location.
- Improved Quality of Life: The new Demerara River Bridge, being toll-free and non-retracting, will positively impact citizens’ daily lives by reducing travel time and costs.
Long-term Vision
Dr. Jagdeo stressed that these projects are part of a broader strategy to modernize Guyana and improve the quality of life across the country. He explained that while some projects might not directly generate revenue, they are crucial for the country’s social development and commitment to its citizens.
The government’s ambitious infrastructure plan is designed to not only boost GDP and create jobs but also to prepare Guyana for future economic opportunities and challenges. By investing in critical infrastructure now, Guyana aims to position itself for sustained growth and development in the coming years.
