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Government seeks contractor for new Babes River bridge
President Mohammad Irfan Ali
Kaieteur News – The Government of Guyana, through the Ministry of Public Works, has issued a notice inviting contractors to submit applications to be prequalified for the design, construction and financing of the new Babes River Bridge.
According to an advertisement Kaieteur News Wednesday, August 21 edition, interested contractors can purchase the complete prequalification documents from the Department of Public Works for more information starting Monday, August 26. Prequalification requirements include: a letter of intent for financing from a reputable institution and experience in design/build mode or project implementation for such projects.
The bids will be opened on September 18, 2024 at 09:00 at the National Procurement and Tenders Authority (NPTAB) office in Georgetown. Back in January, President Irfaan Ali, speaking at the groundbreaking ceremony for the $161 million modern hospital in New Amsterdam Region Six (East Bebis-Corentyne), said his government was pushing for the construction of a fixed high span river bridge across the Bebis River. “We have understood the future needs of the region. That is why we are expediting plans to build a fixed high span river bridge across the Bebis River, just like the one on the Demerara River.”
The President initially announced the construction of the new Babes River Bridge in October 2022. In addition, the current Babes River Bridge was built between 2006 and 2008 at a cost of $8 billion and was funded by various entities, including the state-run National Insurance Scheme (NIS) and private investors through loans and equity contributions. It must be noted that most of the funds invested in the Babes Bridge came from the NIS. The shareholding ratio of the Babes Bridge Company (BBCI) is: the National Industrial and Commercial Investment Company (NICIL) holds 10%, NIS owns 20.2%, and other shareholders include Hand-in-Hand Fire Insurance (10%), New GPC (20%), Queens Atlantic Investment Inc. (20%) and Secure International Finance Co. Limited (20%).
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