Gov’t spending billions of LCDS funds to prevent flooding, open up new farmlands – Jagdeo

The Government of Guyana is spending substantial funds on infrastructure work needed to prevent flooding in Mahaica and Mahaicony, according to Vice President Dr. Bharrat Jagdeo.

Jagdeo, at a press conference on Thursday, said the work being done will also allow the government to develop thousands of acres of new farmland.

In Region Five (Mahaica- Berbice), Jagdeo said about $18 billion will be spent to develop 86 kilometres of flood protection embankments. Between Mahaica and Mahaicony, some 31,000 acres of land will be developed due to this venture, while another 24,000 acres of land will be developed between Mahaicony and Abary.

In Region Six (East Berbice- Corentyne), 42KM of the embankment will be developed. Jagdeo noted that about 30,000 acres of land will be available for use.

“That will bring a massive output in (Gross Domestic Product),” the Vice President said.

Moreover, Jagdeo noted that the finds invested in these projects are from what the country earned through its carbon credits venture with Hess.