TriStar Investment is forging ahead with works on three million square feet of land at Versailles on the West Bank of Demerara, for what will be a state-of-the-art US$160 million oil and gas shore base but which will also enable movement of cargo through Region Three.
With Phase I of the project scheduled to be completed by the end of the third quarter of this year, Guyanese-American developer, Kris Persaud, told the Sunday Stabroek via telephone from the United States, that he was enthused that the project will help to complement the planned Region Three developmental transformation.
“Basically and in short, it is a port that can be used for cargo. It will double the port capacity we have on the west side. It will three million square feet of lands next to five berths, five berths!… We are expecting that two berths and one million square feet of land will be completed by the end of September this year…”