A group of investors under the umbrella of Diamond Property Management, Inc. (DPM) and doing business as Diamond Shorebase Inc (DSB), has purchased 6 acres of land in Plantation Friendship along the east bank of the Demerara River to develop a dock facility.
According to project documents before the Environmental Protection Agency (EPA), the facility is expected to provide both covered berthing and heavy marine loading depot for platform supply vessels that service the oil and gas industry.
DSB said it is working with a civil engineering design firm to develop the plans and specifications for the project team. In the meantime, it has sought the approval of the EPA and other agencies to request outline planning permission to use the land for the desired purpose.
Guyana Standard understands that the Friendship Port Development will be located approximately 9 miles south of Georgetown and 15 miles north of Cheddi Jagan Airport in Plantation Friendship, East Bank Demerara, bordering Plantation New Hope.
It was further noted that the property is 5.72 acres in total with nearly 730ft of frontage on the Demerara River along its western edge. The eastern edge of the property borders a total of 17 residential lots for at total length of 630ft.
The overall capital investment for this project is estimated at US$25M. There is expected to be approximately 10 workers required to operate and maintain the facility during its operation.
The Friendship Port Development will mainly serve a loading and offloading depot with services provided to marine vessels operating off of the coast of Guyana. Additionally, products such as fuel, drilling fluid, and water may be available to vessels within the covered ship berthing area.
