The US$40M bridge was commissioned in December 2008 and was built largely under a private/public partnership from an overseas loan.
The financial structure of the company was deliberately done in a manner to allow the equity shareholders whose investment is less than five percent ($400 million) of the total funds of the company to exercise controlling interest over the company.
Of the $400 million, New GPC and Ramroop Group own 40 percent and the Hand-in-Hand Group 10 percent.
In effect, the bridge barely made enough monies to pay a few favoured investors, who stood first in line to receive their returns.
NIS has invested $950M in shares but had little say in the affairs despite the 76 percent stake.
The other equity shareholders are Secure International Finance Company ($80 million); Demerara Contractors Limited ($40M); Hand in Hand Motor & Life Insurance Company ($40M), and NIS ($80 M).
Berbice River Bridge Cost=US$40M
Investors =US$2M G$400M
NIS =US$4.75 G$950M
I tried to get an idea regarding this investment
can some one assist or confirm if i am correct
with the amount of the breakdown of investors.