Guyana, Brazil eye US$50B China fund to build Linden-Lethem Road

GUYANA and Brazil will be working closely with China to access a US$50B China Select Fund to help construct a road from Linden-Lethem, Foreign Affairs Minister Carl Greenidge said on Thursday.

Speaking after the Guyana Government signed two agreements with Brazil, one of which deals with the road link, the Ministry of the Presidency said President David Granger noted that for decades both sides envisaged a route through Guyana, which will provide better development prospects for investors to come from the Caribbean into Brazil and from Brazil into the Caribbean. “This is something that has been long discussed and in fact, in some parts of the Rupununi, roads were actually aligned but we never had funding to complete it. The infrastructure agreement we are entering will be focused on fulfilling that obligation to building a road between Lethem and Linden. Brazil has done its part; Brazil has built a bridge under the Presidency of Luiz DaSilva and the road literally comes right out to the bridge. We need to do our part, so that is a very important agreement that was signed,” he said.