{"id":21006,"date":"2024-07-02T14:09:07","date_gmt":"2024-07-02T14:09:07","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=21006"},"modified":"2024-07-02T14:09:33","modified_gmt":"2024-07-02T14:09:33","slug":"government-initiative-stabilizes-aggregate-supply-amid-infrastructure-boom","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-initiative-stabilizes-aggregate-supply-amid-infrastructure-boom\/","title":{"rendered":"Government Initiative Stabilizes Aggregate Supply Amid Infrastructure Boom"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>by Nakasia Logan<\/p>\n\n\n\n<p>Guyana faced a critical challenge in 2022 as soaring prices and shortages of essential construction aggregates threatened infrastructure projects crucial for economic growth. <\/p>\n\n\n\n<p>Responding decisively, the Ministry of Public Works implemented strategic interventions to stabilize the market and ensure supply transparency.<\/p>\n\n\n\n<p>The surge in demand driven by national development initiatives led to a doubling of aggregate prices, prompting urgent government action. <\/p>\n\n\n\n<p>Throughout 2022, the ministry engaged local providers and new quarry operators to assess capabilities and logistical challenges.<\/p>\n\n\n\n<p>By November 2022, with aggregate needs projected to exceed 3.2 million metric tons by 2024, the government conducted a Public Tendering exercise securing 300,000 tons from multiple bidders. <\/p>\n\n\n\n<p>To bridge the deficit of 1.1 million tons, a single-source procurement method was employed, reducing costs from $16,000 to $11,500 per ton.<\/p>\n\n\n\n<p>Anticipating sustained demand, a subsequent Public Tendering exercise in March 2023 secured contracts for an additional 400,000 tons, complemented by 485,000 tons through the Single Source Method. <\/p>\n\n\n\n<p>These initiatives ensured 35% of the nation&#8217;s aggregate needs were met by governmental efforts, supporting both infrastructure projects and private sector growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Nakasia Logan Guyana faced a critical challenge in 2022 as soaring prices and shortages of essential construction aggregates threatened infrastructure projects crucial for economic growth. Responding decisively, the Ministry&hellip;<\/p>\n","protected":false},"author":4,"featured_media":21007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366,350],"tags":[],"class_list":["post-21006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21006","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=21006"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21006\/revisions"}],"predecessor-version":[{"id":21008,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21006\/revisions\/21008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/21007"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=21006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=21006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=21006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}