{"id":11911,"date":"2023-07-21T03:42:20","date_gmt":"2023-07-21T03:42:20","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=11911"},"modified":"2023-07-21T03:42:21","modified_gmt":"2023-07-21T03:42:21","slug":"vehsi-set-to-boost-economic-opportunities-as-phase-one-progresses-on-schedule","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/vehsi-set-to-boost-economic-opportunities-as-phase-one-progresses-on-schedule\/","title":{"rendered":"VEHSI Set to Boost Economic Opportunities as Phase One Progresses on Schedule"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Vreed-en-Hoop Shore base, overseen by Director Nicholas Deygoo of VEHSI, is poised to generate significant economic opportunities for the communities in and around Region Three.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"640\" data-id=\"11913\" src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2023\/07\/17-nicholas-deygoo.jpg\" alt=\"\" class=\"wp-image-11913\" srcset=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2023\/07\/17-nicholas-deygoo.jpg 640w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2023\/07\/17-nicholas-deygoo-300x300.jpg 300w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2023\/07\/17-nicholas-deygoo-150x150.jpg 150w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2023\/07\/17-nicholas-deygoo-200x200.jpg 200w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2023\/07\/17-nicholas-deygoo-155x155.jpg 155w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption class=\"wp-element-caption\">Director of VEHSI, Nicholas Deygoo<\/figcaption><\/figure>\n<\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<p>With Phase One of the project on track for completion by December this year, the artificial island of the Vreed-en-Hoop Shore Base Inc has been successfully connected to the coastline via a road.<\/p>\n\n\n\n<p>The long-term vision for this ambitious project involves the development of the full Port of Vreed-en-Hoop, encompassing up to 800 acres of port facilities.<\/p>\n\n\n\n<p>The initial phase, covering ten acres, is well on course to be operational by December 2023.<\/p>\n\n\n\n<p>Subsequently, an additional 10 acres are slated for completion by July 2024, with the remaining space to be finalized by December 2024.<\/p>\n\n\n\n<p>Deygoo acknowledged the growing demand in the Guyanese landscape and emphasized the need for increased capacity to accommodate it adequately.<\/p>\n\n\n\n<p>The successful implementation of the project&#8217;s subsequent phases will be vital in meeting these demands effectively.<\/p>\n\n\n\n<p>VEHSI represents the largest Guyanese private sector investment in the oil and gas industry, with the project&#8217;s total cost expected to exceed 300 million US dollars.<\/p>\n\n\n\n<p>This remarkable endeavor is the result of a partnership between the 100 percent Guyanese-owned NRG Holdings and the Belgian company Jan De Nul.<\/p>\n\n\n\n<p>As Phase One progresses smoothly and remains on schedule, the Vreed-en-Hoop Shore base promises to play a pivotal role in propelling economic growth and development in the region, supporting the nation&#8217;s vision for a thriving oil and gas sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Vreed-en-Hoop Shore base, overseen by Director Nicholas Deygoo of VEHSI, is poised to generate significant economic opportunities for the communities in and around Region Three. With Phase One of&hellip;<\/p>\n","protected":false},"author":4,"featured_media":11912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350],"tags":[],"class_list":["post-11911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/11911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=11911"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/11911\/revisions"}],"predecessor-version":[{"id":11914,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/11911\/revisions\/11914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/11912"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=11911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=11911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=11911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}