- Guyana, Barbados & Trinidad form new company for Caribbean ferry service
President Dr. Irfaan Ali said on Friday that the governments of Guyana, Barbados, and Trinidad and Tobago (T&T) have formed a new corporation to launch a regional ferry system for passengers and freight.
Ali stated that the company was founded on Thursday.
The ferry system is expected to convey passengers and freight between Guyana, Trinidad & Tobago, and Barbados via this corporation.
“That will open up massive opportunities,” he went on to say.
For years, the Caribbean Community (CARICOM) has prioritised solving intra-regional transportation issues. With the renewed emphasis on ensuring the region’s food security, resolving this issue is also a priority.
The Caribbean Development Bank (CDB) announced last year that it will fund consultancy services for a study on the prospects for establishing a new shipping route across Barbados, Grenada, Guyana, and Trinidad and Tobago.
President Ali stated in October, during the AfriCaribbean Trade and Investment Forum in Guyana, that the African Export Import (Afrexim) Bank is interested in supporting a Caribbean private sector proposal for an intra-regional system that would allow for cheaper transportation of goods and people by sea. As a result, he pushed area private sector companies to create a consortium and begin work on the project.
