Mohamed’s Enterprise donates $600M waterfront property to facilitate new Harbour Bridge

0

To aid the construction of the new Demerara Harbour Bridge (DHB), Mohamed’s Enterprise and Hadi’s World Inc. will donate 1.4 acres of their prime real estate worth approximately US$3M (G$600M) to China Roads and Bridges JV.

The News Room understands that the land will be used to store equipment and building materials during the construction phase of the new facility.

In May 2022, the government signed a contract to construct a new crossing over the Demerara River to the tune of US$260 million with a Chinese joint venture – China Railway Construction Corporation Limited.

A section of the land owned by Mohamed’s Enterprise that has been gifted to facilitate the construction of the new Demerara Harbour Bridge (Photo: Team Mohamed’s)

The hybrid-designed bridge will feature a modern four-lane structure, a cycle lane, with a 2.65 kilometers length,

According to a press release from Mohamed’s Enterprise, the bridge will pass over their Providence, East Bank Demerara property and land at La Grange, West Bank Demerara.

“Mohamed’s Enterprise is extremely happy to be a part of Guyana’s transformational process which will benefit generations to come. To transform Guyana’s landscape has been a vision of President Dr. Irfaan Ali. Over the years, we have seen this transformation and we remain resilient in our efforts to support this cause”, the release further stated.

The construction of the bridge is also being hailed as a promise to the Guyanese people by the ruling People’s Progressive Party Civic (PPP/C) in its elections manifesto.

Replacing the almost five decades old current floating structure, the new high-span bridge will allow for the passage of large vessels, putting an end to the lengthy retraction periods currently endured daily by commuters.

There will be a driving surface of about 23.6 meters and it will have a lifespan of some 100 years.

Construction of the new bridge is expected to commence soon with the government inking a concessional loan agreement with the Bank of China.

Leave A Reply

Your email address will not be published.