Georgetown : Head of the Presidential Secretariat Dr Roger Luncheon this morning announced that Guyana's Cabinet of Minister Chaired by His Excellency Donald Ramotar has approved a contract for the final stretch of the Amaila Falls road.
This contract he confirmed was for $838.8M.
He said that the contractor is only responsible for this section of road given that other sections of the road would have already been allocated to different contractors working with their individual contract parameters including completion dates.
Dr Luncheon was at the time responding to the fact that there had been a July dead-line set for the completion of the entire road by the Government earlier this year.
He did seek to explain that in terms of the deadlines for the completion of the road, the Financial Closure with the IDB for the substantive Hydro Power Project is the “real drop dead date.”
According to Dr Luncheon the financing for the Hydro Electric Project for which the road is paving the way, “has not been brought to financial closure.”
He explained that as the financial closure kept being pushed back it made for time to be available for the completion of the entire stretch of road required from Linden to the Amaila Falls approach.
“So indeed we are not locked in,” said Dr Luncheon as he explained that Sithe Global which has been contracted to undertake the Hydro Power project has not yet assigned a date for the start of its construction.”
