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–Berbice Bridge now claims imminent insolvencyGovernment is moving to introduce water taxis amidst an ongoing row with the Berbice Bridge Company Inc. (BBCI).But the company is insisting that it has racked up accumulated losses of $1.5B up to the end of last year and could face insolvency unless it can restructure its financing.Speaking on the standoff, yesterday,Nike Air Force One Shoes For Sale, during Government’s weekly press briefings, Minister of State, Joseph Harmon, said that the decision to place the covered passenger speedboats was taken by the Cabinet of Ministers’ earlier this week.Minister of Public Infrastructure, David Patterson, reportedly submitted a proposal for the passengers speedboats to the Cabinet. The water taxis will be used to transport mainly students and senior citizens.Government, based on assessments of how well the boats are working, will then decide on the next steps.The move by Government would signal clear intent that there is no backing down by the administration,Cheap Air Max 95 For Sale, with Harmon also admitting yesterday that the agreement that BBCI has with the Government of Guyana is also being reviewed.The new Government, while on the campaign trail in the lead-up of the May 11 General and Regional Elections, which it won, had vowed to reduce the tolls.On August 10, Minister of Finance, Winston Jordan,Undefeated Air Max 97 For Sale, announced in the National Budget that tolls for cars will be reduced from $2,200 to $1,900. For other categories of vehicles, the decrease will be 10 percent.However, according to Government, BBCI has been using delaying tactics.In the first instance,Cheap NFL Jerseys, Directors of the US$40M bridge as the September 1, deadline for the tolls reduction implementation approached, said it wanted its shareholders to have the final say.The bridge company then insisted that it wanted a toll increase or an extension from the 21 years it had to manage the facility, to 40 years. The toll increase would be subsidized by Government.Harmon said yesterday that Minister of Finance, Winston Jordan, has been mandated to continue engaging the Directors of the bridge company on the toll reduction.“We are of the firm belief that very soon the bridge company… whose directors referred the matter to the shareholders…that they will see the light and move to have the tolls reduced.”The Government spokesman made it clear that it is the administration’s duty to provide the necessary infrastructure and regulatory framework.He explained that initially the “two launches” similar to the covered ones operating between Vreed-en-Hoop and Georgetown, will be put into operations. The vessels will not belong to the state.A special committee that would include representatives from the Ministry of Public Infrastructure, Ministry of Education, Ministry of Social Protection and Ministry of Public Security is expected to travel to Berbice over this weekend to fine tune the details, including locations.Harmon also disclosed that there was a loophole in the agreement between the Government and the bridge company, which while blocking vessels from transporting vehicles across the Berbice River,Jordan Shoes For Sale, does not say anything about passengers.Over a week ago, Minister Jordan had also made it clear that the Berbice River does not belong to BBCI.The BBCI situation has been angering the new administration especially after it was disclosed that private businesses were allowed to invest five percent into the construction of the bridge which was opened in December 2008 but managed to gain ownership control of almost 50 percent of the equity.There was disbelief when it was learnt that New GPC and Queens Atlantic Inc.,Brent Seabrook Jersey, two companies owned by Dr. Ranjisinghi ‘Bobby’ Ramroop, a close friend of former President Bharrat Jagdeo, were able to install two Directors on the Board of Directors while Government of Guyana had little say in the affairs of BBCI.BBCI claimed it has not paid any dividends to any of its ordinary shareholders since its 2008 opening. The ordinary shareholders are Secure International Finance Company Limited, National Insurance Scheme (NIS), New GPC Inc., Queens Atlantic Investment Incorporated (QAII); Hand-in-Hand Mutual Fire Insurance Co Limited and Demerara Contractors & Engineering Limited.BBCI did not immediately disclose what dividends it paid to the investors who plugged cash in the construction. These included NIS; Demerara Bank; New Building Society, Bank of Nova Scotia; Citizens Bank; Republic Bank; Guyana Bank For Trade and Industry; Hand-in-Hand Trust Corporation; Trust Company (Guyana)


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Some people does play dead fuh see wha funeral dem gun get while others frighten dead. Jagdeo frighten dead. He suh frighten that when de night come he can’t sleep. He frighten fuh shut he eye because he think he gun dead.People does see he pun de road wid he security at all hours of de night. At one stage dem boys ask he if he think he security guards gun keep away Mr Death.He does eat a ton of free food from a Chinee restaurant in town,Cheap Soccer Jerseys For Sale, and drink a gallon of coffee just fuh keep he eye open.Dem boys seh that de man don’t even risk being all by heself. He got a mansion near de seawall and he don’t like stay in it alone,Teemu Selanne Ducks Throwback Jersey, suh he start fuh go to he foundation pun New Garden Street,Cheap NFL Jerseys Supply, but nobody don’t go deh.This is a man who accustom to attention,Wholesale Stitched NFL Jerseys, suh dem boys hear that he beg Donald and start fuh go back to Ohh Pee. He tell people that he running things and that is how Donald kick he out last week.He so in love wid attention that he didn’t go back to de foundation office. He go to Freedom House and try fuh bully Rohee fuh he office. Dem boys hear Rohee put he to he place. Now he deh sitting in a li’l room downstairs.Odinga like attention too. Dem boys hear de party faze he out just like Kwame. But he didn’t buse and cuss down; he soak half pint channa in kerosene,Wholesale NFL Jerseys China, sprinkle it in he yard, wake up three o’clock in de morning and holler, “Dem attacking me wid channa bomb!”Donald was de first one to holler,Cheap NFL Jerseys, “Tek he back in de party.” He also beg de police to investigate. Dem boys hear that de police ain’t see a channa onto now. De top cop name See-All and he don’t see nutten.A young man see people rolling a big spliff pun a police car. He video de action and put it pun YouTube. De police arrest and lock up de man. Dem do he other things too.But See-All ain’t see that dem cops do wrong thing, that he don’t need dem in de force. He now asking somebody fuh investigate wha really happen.Talk half and keep people like Jagdeo and Odinga away from attention.


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steve827

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