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PRESS BRIEFING
Wednesday, November 24 2004
AGENDA
PRESS BRIEFING
CONTRACTS
Cabinet at its meeting held on Tuesday, November 16, 2004, offered its no-objection to the award of the following contracts:-
SECTOR |
ACTIVITY |
VALUE |
WORKS
|
Construction of 200 metres sea defence at Ruimzight, West Coast Demerara, Region No. 3, Guyana Sea Defences Rehabilitation Programme
|
G$101,868,400. |
WORKS |
Construction of 200 metres sea defence at Le Destin, East Bank Essequibo , Region No. 2, Guyana Sea Defences Rehabilitation Project
|
G$101,118,800. |
WORKS |
Supply and delivery of Geotextile to Legman Island , Region No. 3, Guyana Sea Defences Emergency Works Project
|
G$15,600,000. |
FINANCE |
Supply and installation of office partitions, cubicles and furnishings for completion of the Caricom Secretariat Building
|
G$82,961,610. |
LOCAL GOVT. |
Consultancy for design and supervision of Phase II Civil Works - New Amsterdam, Linden and Anna Regina Municipalities Urban Development Programme (UDP) Lot I - Rehabilitation of Corriverton #79 Market, New Amsterdam Market and Town Hall
|
G$8,010,000. |
|
Lot II - Rehabilitation of roads and drains in Corriverton and Rose Hall
|
G$12,259,000. |
WORKS |
Rehabilitation and Construction works to the following roads on the East Coast Demerara - Lot 1 (1) Parris Street, North Haslinghton (2) Charles Street, South Golden Grove (3) Abrams/Adoni Lane, North Nabaclis (4) Station Steet, Section ‘C' Clonbrook (5) Middle Dam, Beehive (6) Railway Road , Greenfield (7) King Road , Greenfield (8) Second Street , North Unity (9) Hand-en-Veldt Middle Dam, Mahaica
|
G$23,700,025. |
|
Rehabilitation and construction works to the following roads on the East Coast Demerara, Lot 2 (1) Main Road, South Vryheid's Lust (2) Graham Street , Plaisance (3) Dr. Miller Street , Triumph (4) Main Golf Road , Lusignan (5) Second Street , Courbane Park , Annandale |
G$32,934,690. |
Cabinet, at its meeting of Tuesday, November 23, 2004, granted increases in wages, salaries, pension and public assistance respectively with effect from January 1, 2004.
Cabinet has granted a 5% across the board increase for public servants, teachers and members of the Disciplined Forces.
Cabinet also granted a 5% increase of the Old Age Pension and of the Public Assistance being provided to eligible Guyanese. Those increases will be effective from January 1, 2005.
On Monday, November 29, 2004, Parliament will be meeting and be debating the Amendments to the Financial Act and the Bank of Guyana Act.
Passage and enactment of those Amendments would close the loopholes in the Financial Act that allowed the Globe Trust Debacle that robbed thousand of depositors of their hard earned savings.
Directors and employees of Globe Trust borrowed from Globe Trust to acquire holding in Globe Trust.
The Bank of Guyana Amendments seek to simplify the role of Regulator (BoG) in its response to Financial institutions in crisis.
The Administration has also presented for discussions, two (2) Motions, one to render public access to the sittings of Parliamentary Bodies and the other to give effect to certain initiatives to address, in a timely way, electoral reform for National/Regional Elections. At that sitting, a Bill to raise the Age of Consent to sixteen (16) years recently approved by Cabinet, would be tabled.