Message Board Archives
US$1.4b luxury project for Mahaica
WI_cricfan
2020-08-29 17:41:24
If all goes according to plan, Guyana will see the development of a US$1.4 billion real estate project along the Mahaica River in anticipation of expatriate and remigrant demand based on the country’s soon-to-be-realised oil wealth.
In a press release yesterday, Construction and Invest-ment Management Group (CIMGRO), headed by two Guyanese businessmen, Ragindra Persaud (www.nandpersaud.com) and Sudama Ramalingum of New Trend Auto announced that construction would begin on the Maraiko Bay Golf & Country Club; the first of two Championship PGA-standard golf courses. This construction is being billed as Phase I of Maraiko Bay, a 1,000-plus-acre US$1.4B oceanfront megaproject.
Mingo is heading this up..wait Mingo is in jail crying for his mommy like a lil girl
black
2020-08-29 18:01:52
In reply to WI_cricfan
Nice.
I am due a trip to my hometown
Curtis
2020-08-29 18:23:41
steveo
2020-08-29 18:42:54
In reply to WI_cricfan
Lemme just say one of those guys is the owner of the rice mill that sourced the 1 ton cocaine shipment to poland
camos
2020-08-29 20:25:59
the schedule seems unrealistic, are there no environmental impact assessment?
Norm
2020-08-29 20:34:41
In reply to camos
No just that. The dollar amounts are unrealistic. That amount is comparable to the entire Guyana government annual budget. This is just a scheme intended to attract and bilk the gullible.
Not to mention, it would have to feed off a new super-rich elite - that does not exist in Guyana.
WI_cricfan
2020-08-29 22:39:04
In reply to camos
Here you go:
Additionally, sea defence and environmental protection, budgeted at more than G$430 million will be overseen by Earth and Marine Environmental Consultants (www.eame.co.uk), one of the world’s most reputable companies in modelling sea defence, ocean rise, and environmental impacts.
WI_cricfan
2020-08-29 22:40:19
CIMGRO plans to immediately engage several local and regional contractors to ensure that they can meet the tight delivery schedule for infrastructure and construction due to the demand for quality housing (starting under US$150,000) in a country it says “is struggling to keep up with the influx of expats and re-migrants.”
For 150K USD that is a shack
anthonyp
2020-08-30 01:37:52
In reply to WI_cricfan
150k USD is about $30 million gyd.. more than enough to build a proper house in Guyana.
Winsor Estate sold theirs for around the same price and just couple lots remaining.. the previous government gave them and a Trinidad investor hundred of acres of prime land the other day.. Its on the East Coast, where the new four lane bypass road that will link east bank and east coast gonna pass. Think it's couple minutes from Ogle Airport.
The trini investor suppose to build a hotel and Winsor Estate another gated community. New government reviewing the sale of those lands right now though.
