Govt. applauds BK, Toolsie Persaud for stone contracts with CJIA expansion

May 14, 2017 News

The Ministry of Natural Resources is congratulating local stone suppliers BK Quarries and Toolsie Persaud Limited for successfully competing to be awarded contracts to supply stone to the Cheddi Jagan International

BK and Toolsie Quarries have received over $700M in contracts to supply the CJIA expansion project with stones.

Airport expansion project.
“The Ministry recognises the importance of not only this national infrastructural project, but also of the quarrying sector to national development. The coalition government’s policy is that Guyana’s natural resources must be utilised whenever and wherever possible for national projects. It is for this reason that the Ministry will continue to support this and other industries in the extractive sector working for the benefit of the people of Guyana.”
The ministry explained that infrastructural development is an important facet in the growth of any country and a strong extractive sector is vital for nation building.
“We pledge our continued support to local entrepreneurs in the extractive sectors as they continue to invest and create jobs. The Ministry of Natural Resources as part of the government of the Cooperative Republic of Guyana commits to ensuring that conducive and favourable regulatory, legal and fiscal regimes exist for entrepreneurs in the extractive industries. The Ministry thanks the two companies for availing themselves for the supply of stone and encourages them to continue to epitomise a dynamic private sector.”
On Friday, CJIA’s Chinese contractor, China Harbour Engineering Company Limited (CHEC), signed two contracts with Toolsie and BK Quarries for 95,000 tonnes of aggregate (stones).
BK will supply 50,000 tonnes at a price of US$1.8M while Toolsie Persaud will have to deliver 45,000 tonnes for a contract price of US$1.7M.
Last year, CHEC received flak after an announcement that a Suriname company had received a multi-million contract to supply stones to Guyana.
Local suppliers had insisted that they have supplies.
The CJIA expansion, to the value of US$150M, is expected to be completed this year and will see a modernize facility with more check-in booths and a longer runway to accommodate wide-body planes.

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