Industrial Estates
Coldingen . Eccles . Belvedere . Lethem

 

The establishment of industrial estates is one strategy being employed by Government to accelerate industrial development in Guyana.

The objectives of the industrial sites, in general, are:

• To stimulate entrepreneurship
• To encourage small and medium scale enterprises to modernize their factory operations
• To facilitate decentralisation and regional development
• To regularise urban planning
• To assist the manufacturing industry and to generate employment within the private sector.

The Government has played a major role in taking responsibility for the planning, establishment and management of the established industrial sites of Coldingen and Eccles.

Two other sites have been identified for development in the near future and these are Belvedere (Region 6) and Lethem (Region 9). Sites are developed on a demand driven basis.

 

The Ministry provides assistance in to investors involved in Manufacturing activities in preparing Investment Development Agreements.

Businesses located at these sites enjoy favourable terms and conditions which are available to both local and foreign investors.

• Annual rent of G$1.00 per square foot
• 99 years lease agreement
• Concessions on building materials, vehicles, plant and machinery that are part of the new business

 

Application for an Industrial Estate Plot

Application Form for an Industrial Estate Plot Adobe PDF version (43 KB) MS Word version (34 KB) Download the free Adobe® Reader™

A premium payment is made which is equivalent to twenty-five (25) percent of the development cost. The average cost per square foot at Coldingen Estate is $153; and G$210 at Eccles Estate.

Allocation of plots at the Industrial Estates is based on the following three sets of criteria. Firstly, macroeconomic parameters are considered. These include:

• Export potential
• Employment generation
• Import substitution
• Utilization of indigenous resources

Secondly, the project parameters of each prospective business are considered, namely:

• The nature and scope of the project
• The level of investment
• The schedule of implementation
• The products to be manufactured

Lastly, the individual applicant’s profile will be taken into account. Factors for consideration are:

• The history of the applicant
• Investor’s experience in the business
• Investor’s ability to finance the project
• Investor’s demand for the site

 

Coldingen Industrial Estate

Located thirteen miles east of Georgetown on the East Coast of Demerara this site occupies thirty-nine (39) acres of land and is divided into thirty-six (36) plots with the average size of a plot being 20,000 square feet. Infrastructure work includes the construction of both access and internal roads which can accommodate heavy duty vehicles and internal concrete drains.

Electricity is provided at the site both for industrial purpose and street lighting.

The sum of G$28M was spent to install a new well which supplies potable water to the investors and the householders in the Coldingen neighborhood. A number of telephone lines were made available for businesses.

 

Eccles Industrial Estate

The estate is located about four miles south of the capital city Georgetown. The site is approximately fifty-five (55) acres and is divided into eighty-four (84) plots. The smallest plot being twelve thousand (12,000) square feet and the largest (35,000) thirty-five thousand square feet. The development at the site includes paved roads and concrete internal drains.

An access road about one mile long and costing G$62 M was constructed to make the estate easily accessible from the East Bank Public Road. This estate has its own street lighting circuit. The site is provided with potable water from GUYWA’s well which is located about one quarter of a mile away.

There are a limited number of land lines provided for investors and this number will expand significantly with Guyana Telephone and Telegraph (GT&T) current expansion programme since a telephone exchange facility has been built on the estate.

To date eighty-four plots have been allocated and forty-five (45) of these plots accommodate a range of different activities.

 

Belvedere Industrial Estate

The estate is located in the village of Belvedere Hampshire on the Corentyne coast (Region 6). The site has been identified for an industrial estate. Very shortly the Guyana Power and Light Company will be installing an electricity circuit on the site. The Ministry is also planning to build a reinforced concrete bridge which will allow investors to gain access to the site. There are a number of investors who have expressed an interest in locating at this site.

 

Lethem Industrial Estate

The Ministry is proposing to develop about seventy acres of land at the site which is located at Bon Success and is in close proximity to the Takatu Bridge between Guyana and Brasil. This estate holds tremendous prospects in view of the proposed Georgetown/ Brasil road link since it will mean a substantial increase in goods traded from Brasil’s northern states. The Department has completed the Environmental Impact Assessment and also appointed a consultant who has prepared the design layout of the site. The infrastructural work for developing this site is scheduled for 2006.