Guyana's Economic Surge Drives $3B Infrastructure Boom, Minister Says
Guyana's Public Works Minister announces massive $3B infrastructure development program, highlighting unprecedented economic growth and calling for increased foreign investment to accelerate national development.
Minister Juan Edghill addresses International Business Conference at Georgetown Marriott Hotel, discussing Guyana's infrastructure development plans
Minister Edghill Urges Foreign Investment as Guyana Accelerates Development
Minister of Public Works Juan Edghill characterized Guyana as "a country in a hurry" during his address at the International Business Conference (IBC) on Wednesday at Georgetown's Marriott Hotel, highlighting the nation's ambitious infrastructure development agenda and calling for increased foreign investment.
As one of the world's fastest-growing economies, Guyana is undertaking a massive US$3 billion infrastructure transformation to address historical development gaps while building for the future.
Strategic Infrastructure Investments
The government's comprehensive infrastructure program includes several flagship 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)
Economic Transformation
Since oil production began in December 2019, Guyana's economic landscape has undergone significant transformation, attracting global attention and investment. The government is strategically utilizing the Natural Resource Fund to develop both traditional and emerging sectors.
Infrastructure Challenges and Solutions
"We are solving the development deficit while still having to do new things," Minister Edghill explained, noting that daily traffic volumes have surged to over 28,000 trucks on key corridors. The completion of major infrastructure projects is designed to support multiple sectors, from tourism to agriculture, while creating opportunities in underserved communities.
Call for Investment
Minister Edghill concluded with a strong message to international investors: "From 2025 to 2030 and beyond, Guyana is the place to be. Bring your money, your talent, and your people... we need partners to build out this modern Guyana and accelerate its transformation."
Adrian Singh
Business reporter focused on economic freedom, foreign investment, and institutional transparency.