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The New Building Society is one of the largest beneficiaries of the Berbice River Bridge. Minister of Labour Dr. Nanda Gopaul told Kaieteur News that NBS invested $1.8B in the Bridge and so far has collected $532M in returnsPrivate investors in the Berbice Bridge currently enjoy a secure rate of return between nine and 11 percent. Until recently, the names of the investors have always been withheld.This publication has learnt that apart from Government one of the significant investors is Queens Atlantic Investment Inv (QAII),Vic Beasley Jr Falcons Jersey, owned by Dr. Ranjisinghi ‘Bobby’ Ramroop. Another is the National Insurance Scheme.The other private investors include Hand in Hand Insurance Company,Robert Alford Falcons Jersey, New Building Society,Davante Adams Packers Jersey, Demerara Distillers Limited and Beharry Group of Companies,Irving Fryar Patriots Jersey, Automotive.Dr. Nanda Gopaul had also said that all of the commercial banks have invested in the Berbice Bridge as did some insurance companies.According to Gopaul,Lawrence Timmons Steelers Jersey, who spoke on behalf of NBS,Bart Starr Packers Jersey, the investment was a good one and he is happy that the company went ahead. He told Kaieteur News that investors are enjoying a hearty rate of return which is guaranteed.The minister said that if traffic increases to Suriname the bridge would be a “milking cow”,DeAngelo Williams Steelers Jersey, to investors. Gopaul said that there should be nothing hidden in this investment because investors saw it as a lucrative deal which would benefit the community.Gopaul said that the cost of crossing was reduced after the bridge was built. He said that all the business documents were produced and that convinced the companies to invest into the bridge. The minister also noted that government,Kevin Faulk Patriots Jersey, in an effort to ensure that investors got back their shares,Joe Greene Steelers Jersey, is prepared to increase the toll. |
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