24.1 C
Monday, October 19, 2020
Home News Regional News US Gov't Bank Ready To Invest In High Quality Infrastructural Projects; Touts...

US Gov’t Bank Ready To Invest In High Quality Infrastructural Projects; Touts Open Competitive Bidding

(Demerara Waves) The United States government-run bank, the International Development Finance Corporation (DFC), is confident that American businesses would win bids to build energy and other major infrastructural projects in Guyana and Suriname, despite competition from China, its Chief Executive Officer Adam Boehler said Tuesday.

He was confident that American companies would get the edge over their Chinese counterparts to build huge infrastructure projects, he said “it’s a focus on high quality.” “Any American company, like any company, has to win competitive bids. I am not going to sit here and tell you that we’re supportive of an open, free economy with rule of law and transparency and say the rules don’t apply to everybody; they should,” he said.

Mr. Boehler differentiated American and other companies from perhaps Chinese companies is “our focus on high quality projects and local labour to drive those.” A number of Chinese projects such as the Skeldon Sugar Factory, Arthur Chung Conference Centre and the Marriott-branded state-owned hotel has had some defects. “I know there have been some disappointments here. I will tell you that may not always be the quickest but I will commit to be the best with a focus on high quality infrastructure but, no! that we are supportive of whoever comes out as long as the bid is competitive, open, transparent and there is a focus on high quality, long term investment in Guyana,” he said.

Read more

Most Popular

Election Petition Ruling Adjourned To October 30

By Clive Bacchus St Kitts and Nevis (WINN): The High Court reserved its decision on the election petition filed by People's Action Movement candidate for...

CXC Chairman: There Is Now An Urgent Need to Address Concerns of Stakeholders

By Clive Bacchus St Kitts and Nevis (WINN): Chairman of the Caribbean Examination Council (CXC) Council Sir Hilary Beckles says a review of this year's...

South Caribbean Sea in Possible Danger of Oil Spill: Trinidad and Tobago on Alert

By Kevon Browne St Kitts and Nevis (WINN): According to an article on Newsweek the Venezuelan-flagged Nabarima vessel has been sitting idly off the Venezuelan...

American Airlines Plans To Return Boeing 737 To Service At Year-End

WASHINGTON--American Airlines Group plans to return Boeing 737 Max jets to service for passenger flights by the end of this year depending on certification...

EU Grants Caribbean Countries 3 Million Euros To Secure COVID Vaccine

(BVI News) The BVI is one of 24 Caribbean countries that will benefit from The European Union’s (EU) grant of 3 million euros given...

Football Membership Wants NC Return, Executive Ousted

(Trinidad Guardian) T&T could be back in the fold of FIFA and be among the teams to contest the CONCACAF Gold Cup preliminary rounds...

18 Schools Benefit From USAID and CARICOM Community Funded Water Security Project

Basseterre, St. Kitts (SKNIS): Eighteen schools across the twin-island Federation have benefited from the recently launched USAID and Caribbean Community (CARICOM) Climate Change Centre...

As Virus Flares Globally, New Strategies Target Hot Spots

NEW YORK (AP) — After entire nations were shut down during the first surge of the coronavirus earlier this year, some countries and U.S....

Parliament Approves New Residency Requirements For Voters

By Clive Bacchus St Kitts and Nevis (WINN): The National Election Amendment Bill (2020), passed in parliament on Thursday (October 15), requires citizens to register...

SVU: No Complaint of Sexual Harassment Received From Female Ranks

By Kevon Browne St Kitts and Nevis (WINN): A lengthy post from a concerned citizen cast a suspicious shadow on the Royal St. Christopher and...


Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks