The Guyana Government is in talks with China to access as much as US$1.5b in loans to finance a number of big-ticket projects.
These discussions have occurred over months and if a deal materializes it could have a variety of implications.
Sources told Stabroek News that Georgetown is seeking financing through China’s Eximbank of around US$750m for a hydropower facility. This would most likely be the planned Amaila Falls Hydropower project. Funds are also being sought for a highway from Schoonord to Parika in Region Three. This project is pegged at US$200m.