Development of the G/town Port is crucial for the economy

Mar 29, 2013 News

– Shipping Assoc. President

An efficient and modern port system, capable of effectively servicing world commerce is money in the bank.
This view was expressed by President of the Caribbean Shipping Association (CSA) Mr. Grantley Stephenson, during a feature address at the Annual Dinner and Presentation of Awards of the Shipping Association of Guyana (SAG).
He said, “The development of the Georgetown Port at this time is crucial for the Guyanese economy.”
Stephenson said that investment in infrastructure and particularly marine ports -which allow efficient movement and docking of merchant ships -will yield rich dividends and bolster national economies. By the same token, countries which do not provide facilities for their producers to exploit world markets will achieve relatively little growth.
He reiterated that national economic growth based on world trade cannot be sustained without an efficient port supported by a ground transportation system of roads or waterways.
The CSA executive said that it was no secret that well-developed ports and harbours, along with efficient roads and waterways, will yield significant benefits.
“The initiative to expand the Panama Canal and the consequent moves by nearly every port in this region to upgrade, modernise and expand facilities are worthy of note.”
He added that from the point of view of the CSA, it was therefore heartening to see that the public and private sectors in Guyana are trying to come together to make the upgrading and modernization of Port Georgetown, the main port, happen in the shortest possible time.
“The good people of Guyana deserve no less than total collaboration of all stakeholders in this noble quest for development.”
He cautioned the SAG to ensure that the initiative to modernize the Georgetown Port should not be seen by the populace as merely a shipping project for the benefit of only those in the maritime sector … because it wasn’t.
“It is important that all the people of Guyana understand that this development is not about the shipping sector; it is not about narrow self-interest. On the contrary, it is about the economic development of their country and an investment which will reap real benefits for them, their children and their children’s children. All will benefit.”

Latest News

Development of the G/town Port is crucial for the economy

Related

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Semi-Finals line up set for Maid Marian Wheat Up Women’s Cup 2024

Young Warriors Cricket Club fulfills its annual...

Chase’s Academic lift 2024 KFC Goodwill Int’l...

Remaining teams in the inaugural K&S/One...

Capital FC, Hi Stars, Silver Shattas win as...

Renuka, Mandhana consign West Indies to record...

Features/Columnists

This is our city

Breaking the Chains of Poverty: A need for political will

Jagdeo de GOAT

Publisher’s Note

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]

Development of the G/town Port is crucial for the economy

Share this:

Related

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Features/Columnists

Publisher’s Note

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]