Guyana and China sign agreement to expand Cheddi Jagan Airport
The Governments of Guyana and China have signed a framework agreement for the expansion of the Cheddi Jagan International Airport. The loan from the Chinese government through the Exim Bank will be for $130 million and will allow for the airport to expand its runway to take 747 sized aircraft.
The full text of the press release on the Ministry of finance website is as follows:
“The governments of Guyana and China on Wednesday signed a framework agreement for a concessional loan to the tune of US$130 million (RMB 825 million) from the Chinese Exim Bank to fund construction of the Cheddi Jagan International Airport (CJIA) expansion project.
The Governments of Guyana and China today inked the framework agreement for a concessional loan to the tune of US$130M (RMB 825M) from the Chinese Exim Bank to fund construction of the Cheddi Jagan International Airport (CJIA) expansion project.
Minister of Finance Dr. Ashni Singh signed on behalf of the Guyana Government, and outgoing Chinese Ambassador Yu Wenzhe on behalf of the Chinese Government in the presence of President Donald Ramotar, Public Works Minister Robeson Benn and airport officials at the Office of the President today.
The Government of Guyana approved a design and construction contract with China Harbour Engineering Company for the project expected to include an extension of the airport runway to a total of 10,800 feet to accommodate large transatlantic aircraft such as the Boeing 747, along with construction of a new terminal building, acquisition of eight boarding bridges, and installation of other state of the art equipment such as elevators, escalators, and x-ray scanners using three-dimensional technology along with flight information and security monitoring systems.
Once completed, the project would ensure that the CJIA is able to meet the needs of projected traffic for several years into the future, along with becoming a hub for regional and continental traffic.
It will allow the country to boast a state of the art airport “comparable to any other part of the world,” according to Minister Singh, and equipped to accommodate any category of aircraft. Job creation will also be created as several auxiliary services are anticipated and the country’s tourism potential is likely to be bolstered with the influx of visitor arrivals.
Construction is likely to start within the first quarter of next year, according to Minister Benn who apprised the media that a feasibility study including an environmental assessment on the project had preceded.
A relocation exercise of about 300 houses with an estimated 815 residents that are considered within the “impact area” is set to be undertaken shortly. They will be moved to a designated area.
President Ramotar linked the airport expansion project to the new wave of infrastructure developments taking shape in Guyana after years of hard work by the People’s Progressive Party Civic (PPP/C) Administration to rebuild a “broken” economy after taking office in 1992.
He alluded to the Amaila Falls Hydropower Project (AFHP) which will be one of several renewable energy sources facilitating 90 percent of the country’s power generation and significantly reduce the cost of electricity to the consumer.
He also used the occasion to commend the Chinese Government for the historic friendly bilateral relationship with Guyana, conveying his sentiments to the Chinese Ambassador whose two – year tenure in Guyana is winding down.”