Deonarine Sookram, owner of the tug and barge that crashed into the Demerara Harbour Bridge Corporation in December last year, resulting in damage, has settled his debt to the bridge company for repairs.
A statement issued by the Demerara Harbour Bridge Corporation (DHBC) on Wednesday said the owner has cleared off the outstanding balance. A total sum of $16.3 million was paid to the DHBC for damage. In February, this newspaper reported that 20% of the cost was paid to the bridge upon the signing of a payment agreement.
The agreement was signed between the Demerara Harbour Bridge Corporation and Sookram with a payment plan which required Sookram to make an initial payment upon signing and the balance in quarterly installments until full payment was made.