The Berbice Deepwater Port, being built by CGX Energy Inc., is set to provide more than 1,000 jobs during its construction phase and about 350 jobs while in operation.
This was highlighted by the Senior Minister with responsibility for Finance Dr. Ashni Singh on Friday.
As part of the development of this Deepwater Port, a new Access Bridge was constructed at Seawell, in Region Six (East Berbice- Corentyne). Roads works are also ongoing to allow easy access to the Port.
And Dr. Singh pointed out that all these developments are necessary to provide support services to those operators engaged in oil exploration activities in the Corentyne block, offshore Guyana.
Works for this Deepwater Port are expected to cost some US $80 million. And, the offshore supply base, which will provide support services to oil operators, is on track for a 2022 startup.
Other sections of the port, including facilities to aid with the export of agricultural products and containerised cargo, should be operational by 2023.
Importantly, Executive Chairman of CGX Energy Dr. Suresh Narine told the News Room that an additional US $30 million could be spent to expand the services provided at the Port even further.
Meanwhile, President Dr. Irfaan Ali, who commissioned the new access bridge on Friday, stated that such investments are only a small part of the plans for the region.
Importantly, however, he said that developing Region Six is linked to a wider strategy of positioning Guyana as a regional hub. The country is expected to enhance cooperation with Brazil and Suriname as it develops its natural resources, particularly its oil and gas resources.
“… Region Six has the important catalytical push to bring a trans-border push,” President Ali stated.