Latest update May 13th, 2024 12:59 AM
May 23, 2014 Letters
Dear Editor,
Two things stand out at the heart of the matter in any attempt to revise the Berbice Bridge tolls. The bridge is a public utility funded by public /private capital that serves the masses and secondly it enjoys a monopoly as the only means of crossing the river.
Given the very nature of its mode of existence and the concomitant strategic importance the bridge plays in the scheme of our national transportation , the regulating role of the Government can and will be justifiable in recommending a revision of the toll to the Bridge Company.
As a norm, throughout the world, public infrastructure projects like roads and bridges do have low rates of return that is why private capital does not normally invest in them. It was indeed a forward step in Local Private Entities investing in the bridge. They should in return expect a decent profit for their investment.
Bearing all these factors in mind I would humbly suggest that the President of our Republic appoint a three member panel of economist from the Government, private sector and University to do acomprehensive financial study of the bridge and make their recommendation as weather the toll can be revised in a phased manner.
Reggie Bhagwandin
Listen how to run an oil country
May 13, 2024
GCB T10 Blast Semi-finals… Kaieteur Sports – The semi-finals of the GCB T10 Blast will get underway today, barring inclement weather as the final four teams look to book spots in the...Kaieteur News – The PPP is engaging in myth-making in seeking to perpetuate the narrative that it is now an ideologically... more
By Sir Ronald Sanders Is it ever justifiable for journalism to fan the flames of geopolitical tension? This question arises... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]