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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.

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