In the interest of lowering stone prices, Vice President Bharrat Jagdeo earlier this week told contractors in Region Six that government gave out eight new quarry licences, six of which have come into operation.
According to Jagdeo, when his party came into office the price of stone was about $11,000 per ton after which it increased to almost $18,000 in Georgetown. This he said was as a result of “everybody constructing roads, buildings, everything.”
However, his government did not ignore the issue but rather responded by giving “out eight new quarry licences, six now are operational, the price has come down back in Georgetown to about $11,000.”