US$18M deal sig­ned for new North West fer­ry

Times of Suriname - - ENGELS -

The govern­ment sig­ned a Li­ne of Cre­dit agree­ment with the Ex­port-Im­port Bank of In­dia Wed­nes­day for the pro­cure­ment of an ocean fer­ry to ser­vi­ce the Ge­or­ge­to­wn to North West Dis­trict rou­te. At the Mi­ni­stry of Fi­nan­ce board­room, Fi­nan­ce Mi­nis­ter Wins­ton Jor­dan, sig­ned the agree­ment on be­half of the govern­ment with the re­si­dent re­pre­sen­ta­ti­ve of the Bank in Washington DC, Sai­le­sh Prasad. The to­tal cost of the fer­ry is US$18M. Ho­we­ver, the first $8M will be pro­vi­ded by the Govern­ment of In­dia as a grant. De­pen­ding on the pro­gress the pro­ject ma­kes, the ad­di­ti­o­nal $10M will be dis­bur­sed un­der the LOC. Ac­com­pan­ying Mi­nis­ter Jor­dan was Mi­nis­ter of Pu­blic In­fra­struc­tu­re, Da­vid Pat­ter­son, who said that the Trans­port and Har­bours De­part­ment has been en­cum­be­red with aging ves­sels. He said that the MV Kim­bia is awai­ting re­pairs and the MV Ba­ri­ma is sche­du­led to be back in ope­ra­ti­on soon. Pat­ter­son said that the on­ly ves­sel ply­ing the Ge­or­ge­to­wn to North West rou­te is the MV La­dy North­co­te. Ac­cor­ding to him, the ves­sel can on­ly reach are­as such as Ku­ma­ka and Port Kai­tu­ma on­ce eve­ry two or three weeks. He said that it is ho­ped that with the sig­ning of this agree­ment and with the help of the In­di­an govern­ment the di­lem­ma can be rec­ti­fied. Pat­ter­son ma­de it clear that the ves­sel will not be ma­de avai­la­ble im­me­di­a­te­ly. He said the ves­sel is not an off-the-shelf item and that its parts ha­ve to be pro­cu­red and fa­bri­ca­ted be­fo­re being ship­ped to Gu­y­a­na.


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