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Govt, Bridge Coy sign $31M subsidy agreement
Minister of Public Infrastructure, Honourable David Patterson (right) hands over the agreement to Chairman of the Berbice Bridge Company Incorporated (BBCI), Egbert Carter
The Ministry of Public Infrastructure (MPI) and the Berbice Bridge Company Incorporated (BBCI), signed the agreement for the provision of a subsidy to the bridge company.
Minister of Public Infrastructure, David Patterson and Minister within the Ministry of Public Infrastructure, Annette Ferguson represented the government. Chairman of BBCI, Mr. Egbert Carter, and BBCI Chief Executive Officer, Mr. Omadot Samaroo, represented the bridge company.
Also present at the signing ceremony were Minister Patterson’s Advisor, Mr. Kenneth Jordan, and MPI’s Permanent Secretary, Mr. Balraj Balram.
The signing covered the provision of a $31M subsidy to the bridge company.
This subsidy will cover a toll reduction for passenger cars and minibuses, from $2,200 to $1,900 and for all other types of vehicles by 10 percent, excluding vessels.
The agreement will take effect from January 1, while the subsidy will be disbursed before the end of 2015.
Both Minister Patterson and Minister Ferguson are pleased that the agreement has finally been reached. The Ministers also said that the agreement is just an indication of the Government of Guyana’s commitment to providing a better life for the Guyanese public.
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