Infrastructure Sector
The Ministry of Public Works is responsible for the management of the infrastructure sector which is poised to significantly expand thanks to both public and private investment flooding into the sector due to the burgeoning oil and gas sector developments. The GoG also has an ambitious program to construct 40,000 new homes by 2030 to ensure that every Guyanese citizen has the opportunity to become a homeowner. There has also been demand for engineering and construction of hospitals, schools and eco-lodges. Management of this housing drive is overseen by the Ministry of Housing and Water. As a result of this construction boom, opportunities exist for a range of support services and projects, including fabrication plants, cement factories, steel, ship building, construction equipment, and prefabricated solutions. However, several companies that have made investments have found it difficult to land contracts when competing with well-connected existing companies.
Small to medium sized companies that have ample working capital and are open to collaboration with local companies have good potential to find opportunity in the Guyana market, including by getting a slice of the infrastructure projects that make up 21 per cent of the government’s budget.
Subsector Prospects
- Highways, off-market roads and prefabricated concrete bridges
- Automated sluices for low coastal areas and automated water flow management
- Deep water harbor and port development
- Sea and river defense
- Port security and management
Opportunities
The GoG seeks to develop Guyana’s infrastructure to meet the increasing demands of the oil and gas sectors and deliver more efficient road infrastructure to meet the demands of local businesses and citizens. Guyana’s aging road network requires restoration and expansion to reach underserved populations in the interior.
The GoG procurement system remains largely paper-based and could benefit from digitization to permit digital submissions and foster transparency. Despite a lingering preference for lowest cost-solutions, the GoG appears to be shifting towards value, reliability, and lifecycle cost analysis in public procurement tenders. U.S. firms are encouraged to notify the U.S. Commercial Service when submitting bids.