Announced with much fanfare in January, a US$8 million grant from New Delhi for Guyana to buy a ferry from India as well as other funding is now “curtailed” due to a slash in the country’s Ministry of External Affairs’ (MEA) budget.
In January, it was announced that India would grant a Line of Credit (LoC) of US$50 million to Guyana for the East Bank Demerara-East Coast Road Link Project, as well as US$8 million to assist in the acquisition of an ocean ferry vessel. The announcement was made during then President Donald Ramotar’s six-day official visit to India and was highlighted by him on several occasions during the recent general election campaign. Ramotar is now out