Guyana welcomes more Chinese investors, Shipyard opens in Coverden

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President Donald Ramotar pulls the curtains to unveil the name of the logging vessel; Yhan Heng freighter constructed at the Zhanghao Shipyard.
President Donald Ramotar pulls the curtains to unveil the name of the logging vessel; Yhan Heng freighter constructed at the Zhanghao Shipyard.

[www.inewsguyana.com] – Head of State, Donald Ramotar welcomed more Chinese investors into the country, as he officially opened a Chinese owned Zhanghao Shipyard in Coverden, East Bank Demerara, and also the launch and naming ceremony for a logging vessel christened the ‘Yhan Heng freighter’ on Friday (February 28).

“I want to extend special greetings to the Chinese investors who have come here and to let them know that they are welcome in Guyana,” the Government Information Agency quoted the President as saying.

The President noted that China has tremendous capabilities, evident by the tremendous progress that the country has made in just over three decades.

“To see how fast that country has grown in just over three decades, speaks volumes for Chinese investors and their readiness to take risks. It also speaks volumes of their skills, of their traditions and customs, and their dedication to work and labour, and that is something we hope that we can emulate in our country,” the President said.

He pointed out that Guyana has been seeing the many examples of the effectiveness and efficiency of the Chinese investors and work with regards to the country’s infrastructure development.

“We saw their work at the Convention Centre (the Guyana International Conference Centre), we are seeing it now at the Marriott Hotel, they way they have produced, and the quality of work that is being produced, and we see it in the rest of the region, how much they have invested,” he said.

Construction on the Zhanghao shipyard started in 2012, but it wasn’t until late 2013 that construction began on the vessel that was meant to facilitate the transport of logs from Kwakwani where the company owns a logging concession.

The vessel, whose design and engine are Chinese, and its steel plates pre-formed in China as well has the capacity to carry 2,000 tonnes of logs and six crew members and will take about four days from Kwakwani to the shipyard in Coverden, laden with the logs.

The vessel was constructed with efficiency and pace by the workers of the company with 95 percent of the work being completed in just over three months.

 

 

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