Govt’s subsidy plan a recipe for bankruptcy – PPP
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The political Opposition is in support of a new bridge across the Demerara River. However, the party has insisted that it will not support a bridge that is mired in corruption, is already slated to exceed the Berbice Bridge in cost, and is financially unsustainable.
Demanding answers on some of the project’s more shady details, the People’s Progressive Party, in a statement on Saturday, questioned the financial structure of the bridge and the relationship between a businessman and the Government’s choice of the location for the bridge.
According to the PPP, the public will note that the Government has been unable to explain how and why the bridge terminates upon land owned by APNU financier Stanley Ming; and that this bridge is estimated to cost US$170 million, which is three times more than the Berbice River Bridge.