A total of 12 contracts worth close to $500 million were signed on Friday to boost the development of the country’s agriculture sector, the Department of Public Information (DPI) has reported.
The report said nine of the contracts will see major improvements at the Rose Hall and Blairmont sugar estates, to fast-track the government’s efforts to ensure the facilities resume production as soon as possible.
It noted that rehabilitative works are expected to be undertaken at the estates.
Meanwhile, another contract will see the purchase of two boats and engines to assist 500 farmers in 30 riverine communities with transportation, while the other will be used by the St Dominique Women’s Group to transport ginger in bulk quantity.
Minister of Agriculture, Zulfikar Mustapha, who witnessed the signing, said the investment demonstrates government’s intention to boost Guyana’s economy and sustainable food security.
He said agriculture is one of the most important sectors to help push the country’s economic status and as such, government will continue to invest to restore Guyana’s role as the ‘breadbasket of the Caribbean’.
“Since we have reassumed office in August 2020, we have seen budget allocation being increased annually and millions of dollars have been expended over the last 20 months to put back the agriculture sector to the where it was before 2015,” he contractors.
He pointed out that the recently concluded Agri-investment Forum was one of the many ventures taken to reinvigorate investors’ interest in the country’s agriculture sector.
“So, we are moving and moving rapidly, and I think that several investors now are knocking on the door of Guyana to come and invest in Guyana and the Caribbean following our successful agri-investment forum and sector.”
To this end, he urged contractors to achieve the works outlined within their contractual agreement, especially works for the estates.
“I want you to comply with the time because we have time to reopen these estates, and also to put critical capital investment in the operating estates,” the minister said.
