October 17, 2024
Public Works Minister Juan Edghill has called on potential investors in Guyana’s infrastructure sector to focus on niche markets rather than attempting to tackle everything at once.
Speaking at a recent business conference, Edghill encouraged investors to forge partnerships with local stakeholders, emphasizing that successful investments often stem from collaborating with those who understand the local market.
Minister Edghill highlighted several areas within the infrastructure sector with strong investment potential.
One such opportunity is the development of hinterland airstrips.
He suggested that investors could pair this with eco-lodging or glamping facilities, tapping into the growing tourism market in Guyana.
In addition, Edghill mentioned that Guyana is exploring the development of light and cargo rail systems as part of the government’s broader vision to establish a world-class logistics hub.
This initiative aligns with plans for a deepwater harbor and aims to improve containerized movement across the country.
Discussions are already underway regarding possible rail routes, particularly one that could connect Palmyra to Brazil.
Edghill also noted that innovative transportation solutions, such as using pods for river crossings, are being considered as part of these infrastructure advancements.
Once these ideas are deemed feasible, commercially viable, and safe, they will be explored further as part of Guyana’s expanding infrastructure initiatives.
The Minister’s remarks underline the government’s commitment to creating diverse and sustainable investment opportunities as part of the nation’s ongoing infrastructural development.