–agreement expected soon

THE Ministry of Public Infrastructure (MPI) said yesterday that an agreement for the reduction of tolls is still being brokered with the Berbice Bridge Company Incorporated (BBCI).
In November 2015,the MPI sent its draft agreement to the BBCI for review in relation to toll reductions; another copy of the proposed agreement was sent to the BBCI on Monday, a media release from the MPI said yesterday.
The ministry has been informed that this document is currently engaging the attention of BBCI’s lawyers, the release noted.

$40M FOR IMMEDIATE RELEASE
Once the MPI receives a favourable response from the BBCI, the $40M allocated for subventions will be available for immediate release. The toll will also be immediately implemented, once the agreement has been signed by the BBCI.
The ministry had estimated that the toll reduction would be implemented by December 1, 2015. However,the MPI is optimistic that an agreement could be reached shortly with the BBCI, the release concluded.