In its May 8 report, CGX Energy announced a shift in plans for the commencement of cargo operations at its Berbice Deep Water Port (BDWP) from second quarter to the third quarter of 2024.
This marks the latest setback in a string of delays plaguing the completion of the port project. CGX attributed the revised timeline to the expressed interest from third parties in utilizing the port for importing and storing aggregates.
Located adjacent to Crab Island on the Eastern Bank of the Berbice River, the port is being designed to cater to a spectrum of industries, including oil and gas, agriculture, and general cargo transportation. Additionally, it will handle containerized and specialized cargo, such as aggregates essential for construction endeavors.
The completion of the 50 x 12 m access trestle, extending from the quayside yard westward into the Berbice River, has already been accomplished within budget and devoid of any health and safety incidents, as outlined in the financial documents. CGX emphasized that the impetus for expediting cargo operations stems from the Guyanese government’s announcement of significant infrastructure projects in Region Six, particularly in relation to the importation and storage of construction materials like aggregates.
The full-fledged operation of the cargo terminal is forecast for the end of 2024, with support for oil and gas operations projected for 2025, contingent upon construction timelines, financing, and supply chain logistics.
