Deep-water port feasibility study to be completed by December - Pres. Ali

(Kaieteur News) – Despite American oil giant Chevron Corporation reportedly opting out of funding the preliminary studies for Guyana’s proposed deepwater port, President Irfaan Ali said the feasibility study will be completed by December.

During his address to the opening ceremony of the Caribbean Shipping Association conference in Georgetown, President Ali told the gathering that government is working with Bechtel and engaging potential international financiers and investors, including the US Export-Import Bank, the United Kingdom and the Qatar Investment Authority.

Related coverageAli Tells CNN Guyana Will Not Renegotiate ExxonMobil Oil Contract6 reports

“You have to be aggressive. You have to be willing to open up the market. You have to be willing to bring partners together,” he said.