Latest update February 1st, 2025 6:45 AM
Latest News
- Record production in Guyana, Permian help Exxon pocket US$7.3B earnings for Q4 2024
- Govt. to seek another extension from World Bank to complete Petroleum Management Project
- Three Israelis and 183 Palestinians to be freed in next Gaza ceasefire swap
- CANU warns of dangerous ‘Strawberry Quick’ drug circulating in schools
- Piecemeal information on decisions and revenue management ingredients for corruption- NRGI
Jagdeo’s deceptive promise of the bridge exposed
Dear Editor,
Bharrat Jagdeo’s continuous deceptive promises of his party caring for the Guyanese people have just been cruelly exposed, with the announcement by the Berbice Bridge Company of newly proposed rates of toll, which can only be described as burdensome, posing a threat to the daily livelihood of Berbicians – his mainstay constituency of political support.
We must remember that although the construction of the bridge was of the arrangement of public/private/partnership that among the latter would have been Jagdeo’s best friend.
The reality is that this bridge has not been bringing in the expected rate of returns, and this has been due to fewer vehicles making use of the facility. In fact, the largest investor, the National Insurance Scheme has not even begun to receive a penny on its investment. One can now better appreciate the former Chief Executive Officer, Maurice Arjoon of the New Building Society, refusal to be bullied into participating in such a project, for which he was punished by dismissal on a set of trumped up accusations.
It would seem that Dr. Surendra Persaud, who is also chairman of the National Insurance Board, perhaps conceived the idea of killing two birds with one stone, which would include ensuring that the Board also recoup its investment.
This chairman must be informed that the founders of the NIS would never have envisaged such unconscionable burdening of the citizenry, as a means of investment returns. Not those visionaries!
I never doubted that this would have occurred, with regard to the Berbice Bridge, particularly the private investment segment.
Editor, it is instructive to note that Jagdeo has condemned the “killer” increases, but that is “with his mouth”, as we Guyanese would say. Let us see if he would bring out his constituents, to picket the offices of BBCI.
Regards
Dillon Goring
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
A wave of criminal deportees may be coming our way soon
Peeping Tom… Kaieteur News-It is peculiar the way the PPP/C government often finds itself staring down the barrel of... more
OAS Secretary General Election and renewed OAS Consensus
Antiguan Barbudan Ambassador to the United States, Sir Ronald Sanders By Sir Ronald Sanders Kaieteur News- The upcoming election... more
Weekend Cartoon
