The Guyana Government has secured a £124M investment from the United Kingdom’s credit agency, UK Export Finance (UKEF), to finance in the next two years, a brand new specialized Paediatric and Maternal Hospital on the East Coast of Demerara (ECD).
To be constructed on former sugar estate lands, the new facility will feature 256 new beds and a modern maternity in order to help reduce post-natal mortality rates. The hospital will meet international standards with more than 40 percent of the equipment and machinery to be imported from the UK. The project also includes in-patient and out-patient clinics supported by sophisticated diagnostic and treatment tools. The hospital will carry an imaging suite with MRI, surgical and cardiac suites along with laboratories built and equipped by an Austrian firm, Vamed Engineering.
In April, President Irfaan Ali had attended the Caribbean Council’s House of Lords annual reception in London, where he discussed opportunities for partnerships with the UK for Guyana’s agriculture agenda, renewable energy potential development and public healthcare.
The UK Export Finance works alongside the Department for International Trade (DIT) in order to fund projects around the world that help spread British expertise and offer high quality services and products.
Last year UKEF was the world’s top export credit agency for sustainable financing with over £3.6 billion awarded to clean energy, healthcare and critical infrastructure projects.
The Guyana project is part of a series of investments dedicated to the Commonwealth, which aim not only to create jobs and growth, but also to support economic development overseas while fostering new markets for British expertise.
