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| …confirms Govt. will have to acquire privately owned lands on E.B.D. Public Works Minister, Robeson Benn, has defended the role of the National Industrial and Commercial Investments Limited (NICIL) in the construction of a new bridge across the Demerara River.Benn was this past week asked why Government did not proceed with the project by itself and according to the Minister it is a case of the funds not being available.Public Works Minister, Robeson BennHe said that since government did not have the funds to go ahead with the project by itself, it decided to partner with entrepreneurial firms to invest in it.Benn noted too that government will be investing partially in the project, but at the time could not put a dollar figure to it.As it relates to NICIL,Nike Shox Gravity Black, he said that this is the company which deals with Public Private Partnerships.According to Benn,Air Max 97 Buy Online, whenever a vehicle is being created to establish an asset, it is NICIL that has to take the lead.He said that at present, the administration is in possession of a number of proposals for the construction of the new bridge and that these will be vetted in order to identify which is the best one to proceed with.Benn said that when the new bridge is completed, the current Demerara Harbour Bridge will be relocated.He suggested that it can be relocated to the Kurupakari or Puruni rivers or which ever other location is chosen.The Minister confirmed too that on the eastern bank of the Demerara River,Cheap Devils Jerseys, where the bridge will land,Kevin Love Jersey, Government will have to acquire some of the privately owned lands.This publication understands that the majority of 22 proposals received by NICIL for the construction of the new bridge comprise Chinese and Indian Companies.All 22 proposals were opened privately at NICIL and not at the National Procurement and Tender Administration Board publicly, given that it is the Government’s holding company that is handling the project.This latest mega project to be undertaken by the Guyana Government will use the same debt and equity financial structure utilizing a public-private partnership, as was the case with the Berbice Bridge,Anthony Steen Dolphins Jersey, the Georgetown Marriott and the Amaila Falls Hydro Electric Project.In the call for partners, Government said that the project will be implemented using a Build Own Operate Transfer (BOOT) model, “in a manner similar to the Berbice Bridge.”According to the Guyana Government, the responses received from the call for expressions of interest will be used to guide the selection of a partner or partners who will work with government to design and implement the project.The project will see NICIL creating a special purpose company “financed by debt and equity contributions following a public/private partnership model.” The call for expressions of interest had stated clearly that “The GoG is not bound to accept any Expression of Interest.”A pre-feasibility study was done for the construction of a new river bridge by the Public Works Ministry and has identified the best location for the bridge to be between Houston on the East Bank of Demerara and Versailles on the West Bank of the river.As it relates to the tolls to be charged the pre-feasibility study predicts that user tolls were considered to increase at a rate of two per cent per year above the existing regime.The study did point out that “a detailed feasibility study should be done to incorporate exogenous costs and benefits not considered in this study,Nike Roshe Run For Cheap, as well as a financial analysis that addresses the concerns of project-financing and environmental impacts.”The existing two-lane floating bridge was constructed in 1978 by the UK firm Thomas Storey Engineers Limited and had a life of 10 years.From 1995 to 1998 the bridge underwent major rehabilitation by the Damien Ship Yards of the Netherlands at a cost of US$9M and an extended life of 15 years (from 1995).According to the pre-feasibility report, at present the Demerara Harbour Bridge Corporation (DHBC) carries out intensive annual maintenance and element replacement activities on the bridge structure to provide a continuous level of service, and this can be coupled with increasing traffic volumes and level of Government subventions to warrant consideration of bridge replacement. |
