Councillor Akeem Peter, Chairman of the committee set up to renegotiate the contract for the Georgetown Metered Parking Project, is confident that he and his team have been able to secure the best deal that the city could manage at this time.
Ahead of the submission of the committee’s report to council tomorrow, Peter told Stabroek News that concessionaire Smart City Solutions (SCS) was very willing to accommodate requests and only had one of its own.
“They requested that we not make their documentation, including the feasibility study, public. I did not sign a non-disclosure agreement but since this was the only request of the concessionaire we agreed on principle and were able to examine the document with them,” Peter explained…..
Signing bonus should have been around US$238M –Tarron Khemraj
Economist Tarron Khemraj says his computations show that Guyana’s signing bonus from ExxonMobil should have been around US$238 million and not the US$18 million paid.
Exxon agreement should have had more benefits for local businesses, private sector says
The Private Sector Commission (PSC) yesterday said much more should have been done to incorporate local content and greater benefits for businesses here in the petroleum agreement between the government and ExxonMobil’s subsidiary.
GGMC head raised signing bonus at 2016 meeting with Exxon subsidiary
The controversial signature bonus with ExxonMobil was raised at a meeting at its Texas, USA headquarters in April, 2016 by head of the Guyana Geology and Mines Commission (GGMC) Newell Dennison.
No gas flaring except for testing, Trotman says
Except for necessary testing, government has assured that there will be no flaring of natural gas found offshore, in keeping with its commitment to developing a “green state,” according to Natural Resources Minister Raphael Trotman.
Two miners killed by fallen tree
A tree, felled by strong winds, claimed the lives of two men last Friday as they were doing a “wash down” at a mining camp in the Potaro River.