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Guyana

Muneshwers develops new river terminal

The Guyana company Muneshwers Ltd is completing the first phase a new terminal on the east bank of the Demerara River. The new facility will be able to accommodate vessels up to 275 meters in length and will be aimed primarily at customers in the container and offshore oil and gas sectors.

Known as Muneshwers Port 2 to distinguish it from the company’s existing facility at Water Street in Georgetown (Port 1), the terminal is being built on 28 acres and is expected to cost the family-owned business around US$ 50 million to develop over the next five years.

In May 2014 Muneshwers bought the land just outside Georgetown for US$ 20 million from the defunct forestry business Caribbean Resources with the aim of developing the site into the company’s second port. The purchase was propitious as this was the last major piece of river-facing land available close to Georgetown. The site is more than twice the size of any existing terminal on the Demerara River.

Managing director Robin Muneshwer said: “The first phase is to activate a small portion of the compound, around four acres, as an inland container yard to handle delivery and receipt of full container loads. It is expected to be completed at the end of October. The second phase is the activation of the quay.”

Read more: Guyana