Guyana/Venezuela road link study
--- Minister Xavier to explore options at Caracas meeting
by Nivedta Kowlessar
Guyana Chronicle
June 27, 2003

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THE Andean Development Corporation (ADC) is willing to finance a feasibility study into a road linking Venezuela and Guyana, and serving as a gateway to Latin America.

Works Minister, Mr. Anthony Xavier is expected to explore options at a Ministers of Transport meeting in the Venezuelan capital, Caracas, next Tuesday and Wednesday.

Foreign Minister, Dr. Rudy Insanally told reporters Wednesday that Guyana will have chance at the meeting to develop ideas of serving as a gateway to Latin America through maritime and aerial routes.

Based in Caracas, ADC is an international financial institution that comprises Latin American and Caribbean shareholders, including Brazil, Trinidad and Tobago and 22 private banks.

Its mission is to back the sustainable development of its shareholder countries and integration by raising funds to provide a range of financial services.

Insanally said if the project can mobilise financing, the Government is prepared to look at it.

"There are different ways of looking at that. Off course, one has obviously to be cautious, but I think in some cases…closer cooperation in areas might help to minimise …dangers… In other words, you transcend some of these problems.

"We are not afraid, we are looking at all possibilities. But of course, we have uppermost in our minds, security and the territorial integrity of the country…We are willing to look at the proposal because this has the blessing of the entire region. So, I would hardly think that we would go into something like that to commit suicide,” Insanally said.

For now, the Government is giving priority to the Guyana-Brazil road now under construction. It is also pursuing a request by Universal Airlines to fly to more routes in the neighbouring country.

Insanally said the authorities had to modify an agreement on the latter and are awaiting the ‘go ahead’ from Brazilian aviation officials.

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