The Guyana Government yesterday signed a US$200 million framework agreement with the IsDB for the reconstruction of the Soesdyke-Linden Highway.
The Ministry of Finance in a release yesterday said that Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, on behalf of the Government of Guyana, and President of the Islamic Development Bank (IsDB), Dr Muhammad Al Jasser, signed the US$200 million Framework Agreement for the reconstruction of the Soesdyke-Linden Highway.
The Soesdyke-Linden Highway is a 73 kilometre-long, two-lane highway that runs between Soesdyke and Linden in Guyana.
The release said that the project will see the rehabilitation and reconstruction of 73 kilometres of the highway with two lanes undivided, nine bridges and six culverts with improved design, quality and standards. It also includes ancillary works and road corridor improvements providing essential public administration support, improved connectivity with communities, roadside and other facilities.
The US$200 million Framework Agreement was signed on the sidelines of the 2023 IsDB Group’s Annual Meetings currently underway in Saudi Arabia. Dr Singh is leading Guyana’s delegation attending those meetings, the statement added.
It also reminded that last September, the Senior Minister had disclosed that the administration was securing approval of financing to upgrade and repair the Soesdyke-Linden Highway based on its importance and “dire need” for an upgrade.
The terms under which the financing will be disbursed were not disclosed in the press release.
