Muneshwers Limited and John Fernandes Limited, through its joint venture Cranes Guyana Inc., will invest over US$285 million for a modern port facility in Berbice.
The project, which was first announced during this year’s Local Content Summit, is expected to generate approximately 1,000 jobs and significantly boost Guyana’s shipping and logistics capabilities.
During a community engagement in New Amsterdam on April 12, President Irfaan Ali announced that the sod-turning for the project will take place within weeks.
“This is the type of transformational investment that we are proud to see coming to region six. The consortium has already begun raising capital, and the project will bring with it not only jobs but a complete shift in economic opportunities for this region,” Ali said.
The Berbice port is part of a broader national infrastructure and economic expansion agenda spearheaded by the government. It is aimed at decentralizing development and positioning region six as a strategic hub for logistics, shipping, and manufacturing.
Muneshwers Ltd. General Manager Chandradat Chintamani had revealed last week that within 18 months – when agreements are all signed – they expect to have the first few berths of the deepwater facility available for vessels to traverse Guyana for transshipment.
The port will fill a longstanding infrastructure gap in Guyana’s trade and shipping ambitions. For decades, the country has relied on regional ports in Trinidad and Jamaica to handle large cargo vessels — a dependence that has driven up shipping costs and led to logistical delays, particularly during peak periods.
