This is a best prospect industry sector for this country. Includes a market overview and trade data
The Ministry of Public Works is responsible for the management of this sector which is poised to expand significantly with growing oil revenues. Over $128 million was allocated for roads and bridges in the 2020 government budget. The GoG has an ambitious program to address an emerging housing shortage. Guyana is experiencing an infrastructure boom, with the scope of current investments including fabrication plants, cement factories, steel, ship building,
Subsector Best Prospects
- Roads and bridges
- Deep water harbor and port development
- Sea and river defense
- Feasibility study for railway
- 3D technology for provision of low-cost housing
- Port Management Information System
- Industrial Rail network
The Government of Guyana seeks to develop Guyana’s infrastructure to meet the increasing demands of the oil and gas sectors in addition to the transport demands of its other businesses and citizens. Roads require restoration and expansion to address the needs of the oil and gas industry and inbound freight to its ports.
Financing of these projects is likely to be done through Public Private Partnerships. Training on procurement practices is needed to enhance management effectiveness. Historically, the lowest-cost projects have been favored over the life cycle cost of a project, and scope exists for training and communication to be done in this area. The Procurement Act Amendment of 2004 requires the posting of contract awards on the National Procurement and Tender Administration website, though recent U.S. bidders have experienced challenges with the procurement process and no e-tender process is currently possible. The GoG is also unable to use e-signatures.
- Ministry of Public Works
- Ministry of Local Government
- National Procurement and Tender Administration
- Central Housing and Planning Authority