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A boy name Sue
Dear Editor,
I am mildly amused at your commentaries of July 8th and 9th respectively. To understand the entire drama, we have to go back to the elections period of 2020 when the media went off the hook to demonise the then incumbent Administration. I feel that then the media was not charitable in its commentary and could have toned down the rhetoric. But the lynching squads led by our US friends was out on the streets baying for the heads of leaders of that Administration. The mantra was regime change.
We all who know the Law knew that Order N0. 60 was not in order and that it could not be considered seriously for the alleviation of the impasse. Now that a firm Chinese Connection has been established, we ought not to be unduly worried. The losers here are the American business circle and the Guyanese population. The Americans get no contracts and we here are heavily shafted. The costs of all the projects undertaken by the Chinese are overinflated.
Now Editor, let’s look at a few projects. The Airport project is nearly 15 years in the making and cannot be completed. The GPL PUUP has shared a similar fate. It started in 2017 and only two parts have been completed. Both parts going well beyond the designed date for completion. It is a known economic fact that when national projects go well beyond completion dates, there are added costs to the nation’s budget.
Then there is the matter of the financing type used for the project roll out. The favoured BOOT is unsuitable for our country. Herein lies the foundation for corruption since the contractor uses his finance which of course will always engage a Mr. Su. The interest rate of such financing is susceptible to gerrymandering and herein lies the opportunity for the inclusion of secret costs.
We have been hearing a lot about the Amaila Falls project and I wonder if persons have made a study of it and comparable projects worldwide. Amaila comes in at about G$2.7M per unit whereas comparable plant worldwide come in at G$1.3M per unit. Recently, Barbados has indicated a solar energy project for about 20% of Amaila’s cost. One wonders what our planners have been thinking about in reality. This just shows that this hydro project will be a drain on the national finances. Lastly, we have to thank the BOT model on the Berbice Harbour Bridge for the near collapse of the NIS.
Regards.
Cyril Walker
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