The businessmen behind the project, Ragindra Persaud and Sudama Ramalingum said the project is called Maraiko Bay and will be built on a 1,000-acre plot. Construction is set to begin soon.

This project does not pass the smell test. 

Who would want to buy a property so close to the sea in Guyana when that part of the country is under threat from climate change.

@Mr.T, for starters Prashad can start his little Indian State.

@Mitwah posted:

This project does not pass the smell test. 

B/S

@Mr.T posted:

Who would want to buy a property so close to the sea in Guyana when that part of the country is under threat from climate change.

Harmon did.

@Mr.T posted:

Who would want to buy a property so close to the sea in Guyana when that part of the country is under threat from climate change.

Apparently these investors think Guyana is immune to rising sea levels.

This is a massive project to undertake in a time of uncertainty. It's gonna fail. This project maybe better suited in 5-10 years. I hope ppl aren't foolish enuff to give away their hard earned money.

Some things that potential buyers should question...

1) How will this project benefit ordinary Guyanese

2) Did they complete a Demographic study?

3) What modern infrastructure does Guyana have to keep this project viable? 

4) Sea defence? Will they build their own? or are they relying on the gov't to save them when their golf course turns into a swimming pool?

5) 14 months to complete? (when did pigs start flying?)

Any water front project along the Atlantic coast of Guyana is a highly risky endeavour.  Especially with the uncertainty of global warning and rising ocean levels.

One of the most frighting sight in Georgetown, was seeing the ocean level at the very top of the sea wall at high tide and if that wall breaks  the entire city will be gone forever.  Along the coast, including around Regina, parts of the seawall can be seen in the ocean surrounded by water. Also the vertical structure of kokers are now located in the ocean, where the water had encroached inland.

Maybe they will complete the project in 13 months and fly pigs in the next 30 days.   

@Tola posted:

Any water front project along the Atlantic coast of Guyana is a highly risky endeavour.  Especially with the uncertainty of global warning and rising ocean levels.

One of the most frighting sight in Georgetown, was seeing the ocean level at the very top of the sea wall at high tide and if that wall breaks  the entire city will be gone forever.  Along the coast, including around Regina, parts of the seawall can be seen in the ocean surrounded by water. Also the vertical structure of kokers are now located in the ocean, where the water had encroached inland.

Maybe they will complete the project in 13 months and fly pigs in the next 30 days.   

Only if they do it like ATLANTIS in the Bahamas. 'One billion dollars' is only a down payment.