Guyana Infrastructure Sector
U.S. companies with cost-effective building solutions should consider Guyana related to the design and construction of infrastructure projects including roads, bridges, and housing.
While Guyana is the fastest growing economy due to its recent oil finds, the government continues to be price sensitive in its infrastructural investments. This has resulted in large infrastructural projects being awarded to the lowest bidder, such as the replacement of its 2-kilometer floating bridge. However, there is a push for higher standards in infrastructure projects.
Transformational infrastructure under the government’s “Public Sector Investment Programme” remains one of the government’s key priorities with roads, highways, bridges, airstrips, schools, and hospitals identified for construction. An estimated $949 million was budgeted by the government for 2024. Invitations for tenders are issued many times with short timelines. As such, opportunities exist for U.S. companies to form joint ventures with local firms to assist in pursuing government projects. To monitor different government tenders, companies can refer to the website of the Department of Public Information.
Guyana aims to transform its landscape and companies that offer a picture of modernization inculcating new building technologies with advanced designs can compete on differentiation to offset a premium price point.
Below are examples of infrastructure projects in progress or under consideration.
- Affordable housing at/below $90,000 per unit. The government aims to provide 50,000 housing lots to assist Guyanese in home ownership.
- A bridge over the Corentyne river between Guyana and Suriname as well as upgrading and widening of the Corentyne highway.
- Roads, bridges, and road maintenance that connects the interior part of the country to larger settlements of Linden and Mabura Hills. Companies that offer aggregate construction solutions can be competitive.
- A second high span bridge across the Berbice river.
- Maritime port infrastructure, security, and management technology.
- Rehabilitation and maintenance of airstrips in Imbaimadai, Kaieteur, Kaikan and Matthew’s Ridge areas.
- Four public hospitals in outlying areas.
- Construction of multiple new hotels in the Georgetown area.
- 3,800 acres of land have been set aside to develop a new smart city in Linden. Complementary to these projects is the need for economical worker housing solutions and the prospect of offering urban city developments.
For more information about the sector and doing business in Guyana, please contact Commercial Specialist Amanda.Edmondson@trade.gov.