Guyana's Economic Boom Drives $3B Infrastructure Rush, Minister Says
Guyana's Public Works Minister announces $3B infrastructure development program, highlighting rapid economic growth and calling for increased foreign investment in transformative projects.
Minister Juan Edghill addresses International Business Conference at Georgetown Marriott Hotel, discussing Guyana's infrastructure development
Rapid Development Signals Economic Transformation
Minister of Public Works Juan Edghill declared Guyana as "a country in a hurry" during his address at the International Business Conference (IBC) at Georgetown's Marriott Hotel on Wednesday. The statement comes as Guyana continues its trajectory as one of the world's fastest-growing economies, driven by strategic investments and oil sector development.
Major Infrastructure Initiatives
The government's ambitious infrastructure program, valued at approximately US$3 billion, includes several transformative projects:
- Bharrat Jagdeo Demerara River Bridge (US$262 million)
- Wismar-Mackenzie River Bridge (US$36 million)
- Linden-Mabura Road (GYD $33 billion)
- East Bank Road Improvement Project (US$76 million)
- East Coast-East Bank Bypass Road (US$130 million)
- East Coast/Railway Embankment Upgrade (US$192 million)
Strategic Economic Development
The infrastructure push comes as Guyana's political landscape evolves to support economic growth. Minister Edghill emphasized that these developments are designed to address historical infrastructure deficits while supporting both emerging and traditional sectors.
"We will use and invest money from the Natural Resource Fund to develop traditional sectors in Guyana and at the same time build new and emerging sectors," stated Minister Edghill.
Investment Opportunities
With oil production from the Stabroek Block continuing to drive economic growth, political stability and economic reforms are creating new investment opportunities. The minister's call for international investors to "bring your money, your talent, and your people" reflects the country's openness to foreign investment and expertise.
Future Development Plans
Looking ahead to 2025-2030, the government plans to expand infrastructure further, including new flyovers and expanded connections around the Demerara River Bridge, responding to increasing traffic volumes that now exceed 28,000 trucks daily.
Adrian Singh
Business reporter focused on economic freedom, foreign investment, and institutional transparency.