India Providing Development Funds To Guyana

Photo above is of President Donald Ramotar (left) holding bilateral talks with Prime Minister Narenra Modi. (Photo credit: GINA).

GEORGETOWN, Guyana, CMC – India is providing a US$50 million line of credit to Guyana for the East Bank Demerara Road expansion project, according to a government statement issued here.

It said, that Indian Prime Minister Narendra Modi made the pledge following talks with President Donald Ramotrar, who is on a six-day visit to New Delhi.

According to the statement, India is also providing “funds in the amount of US$8Million to assist in the acquisition of an ocean ferry vessel”.

The statement said, that “the Indian government will also work with the Guyana government in a pilot project on renewable energy, using a rice husk gassifier.”