According to Guyana's Minister of Public Works, 22 Expressions of Interest were submitted for the construction and financing of the New Demerara River Bridge (NDRB).
A number of Chinese and Indian companies are said to be part of these companies, however the name of the firms has not been disclosed.
The project is expected to be developed through a private and public partnership model on a Build-Own-Operate-Transfer (BOOT) basis.
Guyana has already used the public-private partnership model in the Berbice Bridge, the Georgetown Marriott and the Amaila Falls Hydro Electric project.
A pre-feasibility study for the construction of the NDRB has been completed and can be accessed from the Ministry of Public Works website (www.wsg.gov.gy). The study has identified the best location for the bridge.
The Demerara Harbour Bridge is a 6,074-foot (1,851 m) long floating toll bridge. It was commissioned on 2 July 1978.It was constructed by the UK firm Thomas Storey Engineers Limited and had a life of 10 years. From 1995 to 1998 the bridge underwent major rehabilitation by the Damien Ship Yards of the Netherlands at a cost of US$9 million and was given an extended life of 15 years (from 1995).The bridge crosses the Demerara River 4 miles (6.4 km) south of the Guyanese capital Georgetown.
At present, the Demerara Harbour Bridge Corporation is responsible for the management and collection of tolls, and the average annual revenue collection is approximately US$1.9 million.