More than 100,000 to benefit from West Coast Demerara upgraded road project – 25th Feb 2013
Over one hundred thousand persons are expected to benefit from an upgraded road project from Vreed-en-Hoop to Hydronie on the West Coast of Demerara. This is one of two agreements the Guyana Government and the Caribbean Development Bank inked on Monday.
The other project is part of the Bank’s Basic Need Trust Fund (BNTF) Programme and will fund projects in education, infrastructure and the water sectors.
Finance Minister Ashni Singh who singed on behalf of the Government said work on the West Coast Road will start later this year, with the tendering process already in an advanced stage.
The Minister said Guyana has been the largest recipient of the BNTF programme, seven receiving over 6.2 Million US Dollars and this development assistance continues to improve the lives of many.
The CDB Teams are being headed by Vice-President of Operations Dr. Carla Barnett. She said the Bank remains committed to the development of the Guyanese people.
Barnett said the BNTF programme continues to play a vital role in assisting the Government in its poverty-reduction efforts.
She explained that the project contributes to the reduction of poverty in targeted communities by financing investments for improved infrastructure and livelihood enhancement services.