GAICO Construction & General Services Inc disclosed this week that it is once again investing millions of dollars to build increased capacity in Guyana. In addition to its current fleet of vessels (which includes a Hopper Dredge, Cutter Head Dredge, Hydraulic Cutter Head Dredge, and Backhoe Dredge), GAICO is now increasing their dredging capabilities by adding another Trailing Suction Hopper Dredge.
The Trailing Suction Hopper Dredge set sail last week from the RAK Port in Dubai for Guyana.
Guyana Standard understands that this is an additional US$7.5M investment which will increase the dredging capabilities in Guyana and the region, ultimately creating more jobs for Guyanese.
According to Mr. Komal Singh, the CEO of GAICO Construction, “This is a momentous occasion for GAICO as it will enable increased capacity and provide us with another opportunity to build local capacity within our team. As we strive to meet the emerging demands of the private sector in Guyana, we remain steadfast to our values and principles of putting people and safety first.”
GAICO is also building a wharf and dry dock facility at Nismes, West Bank Demerara. The completion of the first phase will see a laydown yard, a one-finger-pier and the wharf front at the Nismes foreshore area. This facility will allow materials and equipment to be offloaded from vessels and stored until they are ready for further transport.
GAICO believes since new infrastructural work in Region Three will increase, there will be an increased demand for construction material produced outside of the region. By allowing ships to moor at the facility, supplies headed to Region Three could be discharged straightaway – reducing transportation costs.
Beyond this, however, the company said this facility is strategically positioned to support the oil and gas sector directly– particularly, the forthcoming gas-to-energy project in nearby Wales.
