Discussions on financing, operational modalities of Corentyne River bridge to start soon

Presidents Santokhi and Ali welcomed the expressions of satisfaction of the President of the Federative Republic of Brazil, H.E. Luis Ignacio Lula da Silva, during the recently held trilateral summit in Guyana with regard to the earmarked bridge over the Corantijn/Corentyne River.

From a bilateral perspective, the Presidents of Suriname and Guyana acknowledged the importance of the historical and friendly relations between the peoples and governments of both countries. It was further recognized that at the current time, both countries stand on the verge of becoming major players in terms of energy and food security in this region.

The building of the fixed connection between the two neighboring nations will undoubtedly enhance the flow of people, strengthen agricultural cooperation, facilitate trade and investment and promote tourism, thereby adding in a diversified way to the economic growth that is expected to provide sustainable prosperity to both the Surinamese and Guyanese populations.

The Presidents instructed the responsible team of Ministers to enter the next stage of this project by engaging in discussions in relation to terms of pricing, technical aspects, financing and operational modalities with the shared objective of optimizing on affordability and concessionality.

Experts of both countries will also jointly work towards a political and legal framework, start the supervisory tendering process, and drafting of the agreement regarding the ultimate board that will jointly manage the bridge.

Clear timelines for finalization of these activities have been set. The mentioned team of three ministers on each side will continue their work to lead these negotiations and data gathering, as well as monitor the progress and report regularly to the Heads of State of both Governments.

President Santokhi and President Ali agreed to convene the Strategic Dialogue and Cooperation Platform (SDCP) in early May 2024 to broaden the consultations to include other pending relevant areas of strategic importance on the agenda between the two countries.