With the startling increase in the number of vehicles being purchased on a daily basis during the Christmas season, the streets of Georgetown are becoming congested.
Yesterday at a proximately 10:55 the panorama along Republic Avenue, in front of Hand in Hand Insurance Company was nothing but perplexing.
Drivers who were proceeding toward High or Main Streets were forced to wait for some 15 minutes because there were long lines of traffic traveling in a parallel direction. Several auto dealers reason that the increase is a result of persons desirous of owning their own vehicles.
Spokesperson for Trans Pacific Auto Sales said that the company is experiencing double the demand in sales comparing to earlier in the year.
She added that the company saw this boost from last month and is optimistic that it will continue, leading up to the new year.
Kaieteur News was made to understand that for the duration of the Christmas holiday, it is customary for persons to purchase new or used vehicles.
Some companies issue endowment to their employees at this time.
According to reports, some customers will wait until year-end to cash in on the tempting deals and offers by dealers.
Reports are that crowds were congregated outside the offices of a particular auto dealer, a few days ago. The man had imported some 200 vehicles adding to the thousands that are already on our roadway.
Finance Minister Dr. Ashni Singh and General Manager of Caribbean Country Department of the Inter American Development Bank, Gerard Johnson, Thursday last inked three loan agreements totaling US$32.8M.
A fraction of the loan will pave the way for the extension of the East Bank Demerara four-lane highway.
Public Works Minister Robeson Benn, who was on hand at the signing, cited the increased number of vehicles on the roadway coupled with the fact that there is the largest housing scheme on the East Bank of Demerara which has given rise to a significant increase in the road traffic necessitating the widening of the road.
Minister said that within recent years some 10,000 vehicles were being registered annually, placing severe pressure on the roadways.
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