Gov’t, Berbice Bridge Company sign $31M subsidy agreement

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Minister of Public Infrastructure, David Patterson (right) hand over the agreement to Chairman of the Berbice Bridge Company Incorporated (BBCI), Egbert Carter
Minister of Public Infrastructure, David Patterson (right) hand over the agreement to Chairman of the Berbice Bridge Company Incorporated (BBCI), Egbert Carter

[www.inewsguyana.com] – The Ministry of Public Infrastructure (MPI) and the Berbice Bridge Company Incorporated (BBCI) on December 28, 2015, signed the agreement for the provision of a subsidy to the bridge company.

A release from the Ministry noted that the agreement was signed by Minister of Public Infrastructure, David Patterson as well as Minister within the Ministry of Public Infrastructure, Annette Ferguson. Chairman of BBCI, Mr. Egbert Carter, and BBCI Chief Executive Officer, Mr. Omadot Samaroo, represented the bridge company.

It was noted that the signing covered the provision of a $31M subsidy to the bridge company. This subsidy will cover a toll reduction for passenger cars and minibuses, from $2,200 to $1,900 and for all other types of vehicles by 10 percent, excluding vessels.

The agreement will take effect from January 1, 2016 while the subsidy will be disbursed before the end of 2015.

According to the release, both Minister said that the agreement is just an indication of the Government of Guyana’s commitment to providing a better life for the Guyanese public.

3 COMMENTS

  1. Wow and the coalition said they inherited a bankrupt economy and the coffers were bare. Yet they spending on big salaries for themselves and could still find money to do this. They really lied to the Guyanese people.

  2. Tax payers from Essequibo, Demerara, etc. that doesn’t cross the bridge are still paying for all those rich drivers to get richer.
    The PNC always find ingenious ways to squander and drain the treasury only to run the country bankrupt.

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