Berbice Bridge will not suffer losses due to toll reduction – Finance Minister

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The extended part of the Berbice river bridge under
Finance Minister, Winston Jordan
Finance Minister, Winston Jordan

[www.inewsguyana.com] – With just hours before a planned reduction in tolls for the Berbice River Bridge to take effect, the stalemate between the Guyana Government and the Berbice Bridget Company Incorporated (BBCI) continues with no immediate sign of a resolution.

The Company on Saturday, August 29 stated that it runs the risk of having to file for insolvency if it is not able to meet its profit margins and pay dividends to shareholders. Notably, BBCI claims that the subsidy being offered by the government does not cover increase in tolls.

However, Finance Minister Winston Jordan said that with the current fare structure, the Company is not set to incur any losses as a result of the told reduction since it will be subsidized by the government.

“Contrary to the company’s statement there is no toll reduction to the company. The company will continue to receive the full amount of the approved toll; only now a part will be met by the government,” said the Minister in a statement on Monday, August 31.

Further to that, Jordan revealed that under the current investment model, the principals of the company want to impose a 55% increase in tolls at the Berbice Bridge.

He made it clear that this will not be tolerated by the APNU+AFC government.

“There now appears to be other forces who want to use the movement as a compensatory mechanism for a faulty investment model of the Berbice Bridge, one that seeks to impose a further 55% increase in tolls on an already suffering population. Such an unreasonable charge will not be countenanced by our government,” Jordan indicated.

The Finance Minister further noted, “It is now approaching there weeks since I met with officials of the company, the public is being inconvenienced and I hope that the company moves swiftly to demonstrate their commitment to achieving the objection f reducing the burden on the people of Guyana caused by prohibitively high tolls.”

10 COMMENTS

  1. Ramjattan said he will cut that bridge into 4 pieces and fling it in the river when he get power . Well Ramjattan and many others were handed power but no cutting no flinging that bridge since the bridge is still there.

  2. AND OH , I FORGOT TO ADD , IF PROFESSOR THOMAS DOESN’T FIND ANY OF THE THREE HUNDRED BILLION A YEAR ALLEGEDLY STOLEN, SHOULDN’T HE LIVE FREE FOR THE REST OF HIS LIFE AS GUEST OF THE STATE AT LOT TWELVE CAMP STREET ,GEORGETOWN? WOULDN’T THAT BE PUBLIC MISCHIEF?

  3. I NEWS, WISH TO MAKE A SUGGESTION : PROFESSOR CLIVE THOMAS HAS BEEN APPOINTED AS HEAD OF THE STATE ASSETS RECOVERY UNIT TO RECOVER THE THREE HUNDRED BILLION A YEAR THAT HE ALLEGED WAS STOLEN BY DR. BHARRAT JAGDEO AND HIS FRIENDS . WHEN THE GOOD PROFESSOR HAS RECOVERED THE FIRST TEN BILLION , THE GOVERNMENT SHOULD TAKE THAT MONEY , BUY OVER THE BRIDGE AND LET GUYANESE TRAVEL TOLL FREE. ISN’T THAT A GOOD SUGGESTION? THANK YOU !

  4. THE GRANGER LED ADMINISTRATION CANNON FULLFIL THEIR 101 DAYS PLAN SO THEIR TRYING ALL MEANS AND WAYS TO MISLEAD THE GENERAL PUBLIC TO MAKE THEM FEEL AS THOUGH THE PPP LED ADMINISTRATION PUT THEM IN THIS PRESENT SITUATION THAT THEY ARE IN. DAMN IDIOTS

  5. David you are ignorant beyond belief .will you opt to use a ferry which you have to wait in line possibly for hours or instead pay a toll and simply be on your way.l m certainly sure you are not a berbician.

  6. What three card trick is this? Most of the money belongs to tax- payers and they get nothing for it while the greedy ones hold them over a barrel? The Govt. is looking weak. They need to get their act together and protect the people from these vultures ; these optics are very bad.

  7. IN THE TENTH PARLIAMENT APNU +AFC PASSED A MOTION CALLING FOR A SLASHING OF THE TOLL BY HALF. DID THEY CALCULATE THE COST TO THE TREASURY? THAT WAS RECKLESSNESS BY THESE TWO PARTIES. THE MEAGRE , NEGLIGIBLE, TOKEN 300 DOLLARS DECREASE NOW SEEMS TO BE AN INSURMOUNTABLE PROBLEM FOR THE COALITION. LET THEM FIND THE MONEY TO PAY THE COMPANY FOR THE FIFTY PERCENT DECREASE THEY PROPOSED DURING THE TENTH PARLIAMENT.THEY EASILY FOUND OVER 100 MILLION TO SUPPORT MOSES NAGAMOOTOO WITH HIS IDIOSYNCRACIES ONLY A FEW DAYS AGO ,LET THEM FIND THE MONEY TO PAY THE COMPANY FOR THE THOUSANDS WHOM THEY FOOLED TO GET THEIR VOTES TO GET INTO GOVERNMENT.

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