GT&T gives motor racing $20million over 3 years

Mar 18, 2011 Sports

The Guyana Motor Racing & Sports Club (GMR&SC) was the recipient of an impressive largesse compliments of GT&T’s when CEO Yog Mahadeo signed a sponsorship contract worth $20million over the next 3 years last evening, during a simple ceremony which had in attendance the media and members, at the club’s headquarters on Albert Street, Thomas Lands.
Mahadeo and President of the GMR&SC Raj Boodhoo inked their respective signatures on the contract that will see the telecommunications giant financial support augment the earlier generosity of the Guyana Government for the restoration and resurfacing of the South Dakota Circuit.
The work which is being done by Dipcon Engineering Services Ltd was first initiated with $40million
assistance from the Government and is anticipated to be concluded very shortly.
The GT&T Executive in his remarks spoke of the long collaboration between the two entities, adding that the strong following which the sport enjoys and the prudent handling of its affairs has impressed the Management and Staff of the telephone company and pledged continued support for the organisation in the future.
He said that not only will they be collaborating with the GMR&SC for the sole purpose of motor racing, but more important projects such as devising methods to keep the roads safe.
He disclosed that he is proud of the club’s performance to date and is confident that the partnership will get even better.
Mahadeo extended best wishes to the club and assured that when they meet to evaluate the club’s performance the Company might even better its support going forward.
Boodhoo in his response thanked the Company for its support over the years, pointing out that he is extremely pleased with the funding.
He stated that GT&T’s generosity over the years has ensured that the sport remain vibrant and has now been able to rival most if not all the other mainstream sports in the country.
He revealed that the Circuit is near 80% complete and should be fully completed in another week or so.
Meanwhile, the start of the season which was set to open on Monday with the Endurance Race Meeting has been pushed back to a later date due to the incompletion of the track.
The new date will be announced shortly.

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GT&T gives motor racing $20million over 3 years

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