Latest update May 20th, 2026 12:35 AM
May 20, 2026 News
(Kaieteur News) – The construction of the Stelling Access Road, waterfront drainage system and parking apron which will form part of the Parika Waterfront Development Project in Region Three, is estimated to cost some $499.04 million.
This is according to a new invitation for bids issued by the Ministry of Public Works.
The ministry in its notice said the $499 million will also be for the supply and installation of a vehicular scale (weighbridges) at the modern facility. Bids for these projects are expected to open on June 10, 2026 at the National Procurement and Tender Administration Board (NPTAB).
Kaieteur News reported that the new Parika Port Facility is an approximately $10.5 billion project being undertaken by the Ministry of Public Works and is expected to be completed in 2029.
This newspaper previously reported that phase one of the project which is being undertaken by GAICO Construction, Toolsie Persaud and A&S General Contractors is already underway. Phase one includes land reclamation and sea defence on the North and South sides of the current stelling and the construction of the main concrete stelling, all totaling under $5billion.
During a multi-stakeholder engagement and consultation meeting with residents, business owners and other stakeholders at the Parika Market tarmac last year, Public Works Minister Juan Edghill noted that the operation of the ferry and water taxi services will not be interrupted during the construction phase.
Government said the project will transform the Parika stelling into a major regional hub for transportation and socioeconomic activities and enhance operational efficiency, prioritise safety and guarantee commuters’ comfort.
Additionally, the new modern port is aimed at increasing trade and tourism along the Essequibo Coast. Kaieteur News understands that the upgrading of the stelling is also to facilitate the arrival of the new Regional Ferry Service that will operate out of Guyana from Parika.
President Irfaan Ali announced last year, that the new facility will include the construction of a marina to support the country’s tourism sector. Notably, he said to support the port, some key infrastructure, including the construction of a modern Customs and Immigration office, a modern fire service, a modern coast guard building, a modern police service, and importantly to support the farmers, they intend to invest in a modern storage facility. The Parika Stelling, which borders the Essequibo River, serves not only as a passenger loading and offloading area, but also as a waterfront where farmers take their produce from the hinterland to sell.
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