first_imgLawmakers will push for the House of Representatives to endorse the indigenous peoples bill during the next plenary meeting in order to speed up the bill’s deliberation.House Legislation Body (Baleg) deputy chairman Willy Aditya of the NasDem Party said the bill’s working committee he leads had held meetings to deliberate the bill since April.During the committee’s meeting on Friday, eight of nine fractions had agreed to seek the House’s endorsement on the bill during the next plenary meeting. “This is part of our support on issues pertaining to marginalized communities. We hope that this bill will guarantee protection and recognition for the community,” said Willy.Read also: After 75 years of independence, indigenous peoples in Indonesia still struggling for equalHe conveyed his hope that the House’s plenary meeting would endorse this bill, so it could be passed into a law soon.Civil society organizations and indigenous communities have been urging the House for years to deliberate and pass the indigenous peoples bill, which will provide recognition of the customary laws of indigenous communities in certain matters, such as the management of natural resources and the distribution of inherited land.Indigenous communities, widely deemed as the guardians of forests, have faced oppression on their own land as well as being stigmatized and underrepresented in all aspects of the economy, social affairs, politics and culture.The deliberation, however, had been halted several times, most recently because of the government’s reluctance to submitting its assessment of the bill.Topics :last_img read more

first_imgVida at North Lakes will feature an exclusive residents-only park, BBQ pavilion and swimming pool, all set within a private, gated enclave.Buyers have snapped up more than 20 per cent of the luxury townhouses at Vida, North Lakes, in less than a month, with a low maintenance lifestyle and location being drawcards to the area.The architect-designed collection offers exclusive living next door to Lake Eden.Vida will feature an exclusive residents-only park, BBQ pavilion and swimming pool, all set within a private, gated enclave. A range of two, three and four-bedroom townhomes are available, with prices currently starting at $419,000. More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day agoVida at North Lakes will feature an exclusive residents-only park, BBQ pavilion and swimming pool, all set within a private, gated enclave.Stockland turned the first sod on Vida in early October, marking the official start of construction of the 96-townhome project. Stockland regional manager David Laner said: “We are seeing strong interest from a range of buyers with downsizers particularly attracted to Vida’s location, great range of facilities and low-maintenance lifestyle.“As a mature community, North Lakes has everything you need right on the doorstep, including shopping, entertainment, health and public transport services,” he said.“It is also a perfect choice for anyone looking for a private and secure location with easy access to the Sunshine Coast, Brisbane airport and beyond.”The Vida townhomes have been designed by award-winning Queensland architects Hollindale Mainwaring to offer contemporary urban living in a subtropical setting.Exteriors are influenced by urban habitat with stylish brickwork contrasted with angular metal cladding. Courtyards and balconies provide a range of private entertaining and alfresco dining options and maximise air flow.Interiors feature open-plan layouts with internal light-wells, high quality fixtures and finishes and clever storage solutions.Mr Laner said the initial strong interest in Vida was testament to the project’s design, pricing and location in northern Brisbane’s lifestyle capital, North Lakes.last_img read more

first_imgThe International Accounting Standards Board (IASB) has signalled institutional investors in the UK it is prepared to give a greater role to the notion of stewardship in financial reporting as it revises its conceptual framework.In a series of documents seen by IPE, IASB staff and board members were revealed to have expressed sympathy for the concerns of long-term shareholders over what they say are major shortcomings in financial reporting.The documents show that the IASB’s outreach efforts, part of its conceptual framework project, have involved major investors such as RPMI and NEST Corporation, the entity behind the National Employment Savings Trust.Following one meeting on 15 April between shareholder representatives and Darrel Scott, Barbara Davidson and Stephen Cooper of the IASB, one investor concluded that the momentum towards prudence in IAS 1 was very strong. In another document, IASB member Stephen Cooper was reported to have sought a precise definition of the notion of ‘prudence’. Cooper also complained, the document continued, that the word has many meanings.The documents also revealed that investors expected the IASB to give a more prominent role to the concept of stewardship once the board had signed off on its conceptual framework.The IFRS Conceptual Framework sets out the principles that underlie the preparation and presentation of financial statements. The IASB restarted work on the conceptual framework in 2012 and a new framework is expected to be in place next year.The IASB representatives also indicated their support for the view that prudence was to demonstrate healthy scepticism about, or as a counterbalance to, management’s tendency toward optimism.Less positively for some investors, however, the IASB representatives also warned that the idea of a true and fair view override in international accounting was a non-starter.They also expressed an interest in how financial statements could focus on highlighting distributable profits, and reinforce the argument that accounts had long-term capital providers as a primary audience.The revelations come as investor frustration with International Financial Reporting Standards (IFRS) and the UK accounting establishment reached a near crisis point.At the end of last year, three major institutional investors demanded that the International Accounting Standards Board (IASB) bring back an explicit reference to the notion of prudence into its conceptual framework.The demands were set out in a letter addressed to the UK financial watchdog, the Financial Reporting Council.The three signatories to the 25 November letter – the Association of British Insurers, the Investment Management Association and the National Association of Pension Funds – collectively manage over £7trn (€8trn) of assets.The move followed the publication of a barrister’s opinion earlier in 2013 by the Local Authority Pension Fund Forum and other major institutional investors. That document, George Bompas QC argued that there were substantial legal flaws with IFRS.In particular, Bompas argued that statutory accounts prepared under IFRS failed to give a true and fair view of a business’s financial performance. The ABI, IMA and NAPF also pointed to the true and fair view override, as well as the concept of capital maintenance, as further areas of major concern for investors.The IASB removed references to prudence, or caution, from its conceptual framework in 2010. It substituted instead the concept of neutrality.The move was intended to bring the IASB’s conceptual framework closer to the US GAAP framework, which makes no reference to prudence.The IASB has in the past defended the move vigorously. In a speech to the Federation of European Accountants, IASB chairman Hans Hoogervorst argued that IFRSs are inherently prudent.At the heart of the debate over prudence, and the parallel issue of whether accounts prepared under IFRSs show a true and fair view, is the conflict between long-term company owners or shareholders and other investors with a short-term horizon.Company owners argue that financial statements that meet the needs or interests of an investment bank that trades in a stock cannot meet their longer-term need for prudence or caution in accounting.The issue of prudence has also come under the political spotlight in Europe with members of the European Parliament warning the IASB that it must address investor concerns about prudence in accounting and clean up its corporate governance act.Sharon Bowles MEP, the British chairwoman of the European Parliament’s influential Economic Affairs Committee, warned in a statement released on 13 March, after a vote in Parliament on funding for the IASB’s activities, that the London-based standard setter is drinking in the last-chance saloon.In separate correspondence obtained by IPE, the IFRS Foundation director David Loweth told MEPs that the “IASB will reach its own, independent, decision on the role of prudence within the conceptual framework.”last_img read more

first_imgTrading Leather has Classic options open to him after filling the runner-up berth in the Betfred Dante Stakes at York. Jim Bolger’s colt was always to the fore and stuck to his guns well, playing second fiddle only to surprise 33-1 winner Libertarian. Bolger said: “I couldn’t be more happy with him and we expect him to come on a lot for the run, although he was as fit as I could get him at home. He’d only go to Epsom if something happened to Dawn Approach. This horse and Loch Garman have the options of the Irish Guineas and the French Derby. “Later on there’s the Irish Derby, but that might be open to Dawn Approach as well.” Asked for his view on the fortnight of Derby trials, he said cryptically: “I think the only trials that matter are the ones at Coolcullen (his stable). We’re ecstatic with them.” Aidan O’Brien’s Indian Chief, the 11-4 favourite, was back in third, and Coolmore’s UK representative Kevin Buckley said: “Joseph (O’Brien) was happy enough with him and he’s probably still a bit inexperienced. This was a big step up, but Joseph felt confident he’d get a mile and a half.” Karl Burke, the winning trainer’s husband and assistant, said of Libertarian: “It is a great win for the yard and everyone connected with the horse. He’s a proper horse and having not had many (Derby) horses, or Dante horses even, you are tilting at windmills a bit. We have always thought a lot of him. “If you watch the race at Sandown it was a nonsense of a race for him. Unfortunately Phil (Makin) got stuck on the outside of a horse that was hanging badly and he drifted out. He’s such a green horse which is why we came back today to give him more racecourse experience. “He’s a big backward animal that has taken a lot of time. It was only in March time that he really began to pick up in his work and he’s done nothing but improve since then.” Jockey William Buick said: “It was a true-run race and the best horse won on the day. He’s a fine big horse. Karl said to me beforehand that as long as I didn’t get too far away he’d have a squeak as he stays very well.” center_img Press Associationlast_img read more

first_img Published on November 2, 2016 at 10:57 pm Contact Byron: Eva Gordon had a golden opportunity. Just two minutes into play against then-No. 16 North Carolina, Stephanie Skilton booted the ball in Gordon’s direction. But Gordon’s shot lazily rolled to UNC’s goalie for an easy save. Gordon threw her hands up in disappointment. A perfect opportunity slipped away. SU outshot UNC, 7-4, at the end of the first half, yet the Orange trailed 2-0. Syracuse went on to lose to the Tar Heels on Oct. 21 and was eliminated from playoff contention.“You have far less opportunities in the ACC so the teams that are most effective can capitalize on those chances,” Syracuse coach Phil Wheddon said. “UNC shot 50 percent in the first half. Those higher-echelon teams are simply more efficient and it wins them games.”That game depicts Syracuse’s (8-8-3, 1-7-2) 2016 season. The Orange failed to capitalize on easy scoring opportunities, ranking 13th out of 14 ACC teams in both shots and goals. Several games in ACC play were decided by just one goal (Virginia Tech, Wake Forest, Boston College). If SU had finished effectively, the Orange may have earned an ACC tournament berth. “Those nine points would have put us in the ACC tournament,” Wheddon said. “It’s such a fine margin, these one-goal games on the road are such huge differences. But simply put, we have to be more efficient in front of goal. It comes down to that.”AdvertisementThis is placeholder textExcept Wheddon’s team won’t get another chance until 2017.Syracuse got off to its best start since 2003, with a 3-1-0 record. It outscored its opponents 16-4 until ACC play. When that began, SU tied Notre Dame 1-1, a Top 25 team, and fired 14 shots on net. But SU’s scoring woes were still apparent. As sudden death overtime began against UND, Gordon sped past the defense and got an open chance on net. She missed wide left.After the game, Gordon said, “We have to capitalize on the chances we do get. Because in the ACC, those opportunities are going to get slimmer and slimmer.”The next three games from Sept. 22 to Oct. 2, SU was outscored 10-0 and outshot 69-15.Against Clemson, Syracuse was outshot, 31-7. Those three games halted SU’s momentum. The Orange would gain just one victory after that, on Oct. 16 win against Pittsburgh.Wheddon said his team searched for good scoring opportunities rather than taking any chance on net. He admitted the strategy ultimately backfired.“Some teams outshoot others by 20 shots and that’s just taking any opportunities,” Wheddon said. “But if you don’t shoot, you don’t score. We didn’t. So that has to be part of our philosophy going forward.”Freshman Sydney Brackett led the Orange with 41 shots, yet only scored once. Alex Lamontagne fired 26 shots and scored once. Sheridan Street scored twice on 19 shots. Alana O’Neill, a right back, led SU in goals for most of the season.Skilton led Syracuse with six goals off 22 shots, a 27 percent success rate. It was her fourth straight year leading the team. She blamed the scoring inefficiency on poor offensive connection.“We were just too individual,” Skilton said. “We would go forward but one person would still be isolated. We weren’t linking enough to utilize the players we had.”Wheddon said Syracuse has a Top 25 recruiting class that will help provide depth and a spark on the attack. Although he praised his attacker’s, he deemed the issue a team-wide problem. The Orange returns top scoring threats in Lamontagne, Gordon and Brackett, but when asked about the future of the program’s key offensive players, he didn’t single anyone out.“Every one of our forwards is what you call a scouting-report player,” Wheddon said. “They have intangibles that other coaches are worried about. “But at the end of the day, we’ve got to be way more dangerous as a team in front of net and that’s our focus for next year.” Comments Facebook Twitter Google+last_img read more

first_imgOverwatch fans in London now know for sure that they’ll have a team to cheer for in the forthcoming Overwatch League. It was announced today that the English capital has a slot and it’ll be filled by none other than Cloud9. Jack Etienne, Cloud9It was also revealed that Los Angeles has a second spot in the league which means we now have nine confirmed teams in total. The other six are Boston, Orlando, Shanghai, Seoul, New York and San Francisco.  Jack Etienne, Founder and CEO of Cloud9, commented: “We are thrilled that Cloud9’s formidable fan base throughout Europe and the UK now has a local team to call their own.”The second LA spot has gone to Stan Kroenke and his son Josh Kroenke. Stan is best known in the UK as the owner of Arsenal FC, but the Kroenkes also have investments in the Denver Nuggets, the LA Rams and others. The statement from Blizzard on the Kroenke’s involvement read as follows: “Known as international leaders in the sports industry, Stan and Josh Kroenke own professional teams, stadiums, and media holdings around the world. We’re very happy to be able to rely on their deep expertise in sports as work on the Overwatch League continues at full speed.”Josh Kroenke himself noted: “We’re going to build a great team for Los Angeles that inspires fans near and far.”Both these teams will now be looking to ensure their lineups are as good as can be ahead of the inaugural campaign for what’s planned to be the largest Overwatch competition ever, and one of the grandest in esports history. No financial terms were mentioned in the announcement of the London and second LA slots and we hope to have more on that later. The inclusion of London however does mean that we have at least one of our seven European OWL cities correct, read what we were thinking back in April on this matter here. We’re also currently one for five on our early doors US cities predictions.The transfer window is open now and will close for all Overwatch League teams on October 30th 2017. Esports Insider says: This is huge news for the Overwatch League with one well established and respected esports org coming on board, and a family with a history of sporting club investments in the Kroenkes. We’re delighted that London’s involvement has been confirmed and we’ve reserved a soft spot in our ESI hearts for Cloud9 now they’re representing our home city.last_img read more

first_imgPLAYA VISTA >> Not to be overly sensational, but if this works out, they might want to consider using Jerry West’s silhouette as the logo for life itself.The most famous outline in NBA history and one of the league’s predominant championship architects, West has agreed to join a construction project still maddeningly incomplete after nearly five decades.“Fear of failure is the worst possible fear you can have,” West said Monday after being introduced as the Clippers’ most celebrated consultant ever. “I’m not afraid of anything.”Clearly not, a man who has won everything willingly becoming part of a franchise that has won nothing. He detailed the agony involved in saying goodbye to Golden State in part because “no one’s going to beat (the Warriors) for a couple years, if they stay healthy.”West also talked about his desire “to work for the worst team in basketball in a small market,” which led to him helping turn once-vagabond Memphis into a playoff-caliber operation.“That’s the ultimate test of a person,” he said, “to see if you do have anything.”Really? Because I’m thinking the Clippers are the ultimate test by just about every definition, this being a franchise that might actually be, you know, cursed.Now, I have serious doubts that it was the presence of West that convinced Kevin Durant to sign with the Warriors last summer, not when the team also boasted the presence of Steph Curry, Klay Thompson and Draymond Green.There is, however, no questioning the validity and expertise West immediately provides the Clippers, a team hardly famous for compiling an abundance of credibility over the years.The challenges before the Clippers include the reality of everything they do being viewed within the context of the Lakers, few things more so than the hiring of West.A Lakers icon, West hasn’t been with the team for 17 years. Yet, his connection remains so current that just seeing him sitting in front of the Clippers’ logo Monday was disorienting.The truth is before long everyone will set aside this announcement and refocus on the Lakers’ upcoming No. 2 draft pick. And, by before long, I mean you’ve already gone back to thinking about Lonzo Ball, haven’t you?Well, stop it. This column still has 12 paragraphs to go, and I’m determined to keep the Clippers as the main topic.West first officially met with team officials three weeks ago, the Clippers quickly putting together a remarkable coup, especially for a franchise that has been at this 47 seasons and still hasn’t come close to figuring it out.“I left somewhere that was really safe, too,” Coach Doc Rivers said, referring to his previous job in Boston and how he sold the Clippers to West. “You know, let’s keep taking chances. I think we can build something great here.”Rivers has been criticized for many of his personnel decisions, the executive in him unable to provide the coach in him the necessary roster to push the Clippers over the hump.Wait, hump? Who are we kidding? The obstacle the Clippers have been trying to clear has grown into a mountain, the sort that can’t be summited without auxiliary oxygen.This team has advanced to the playoffs in each of the past six seasons, at which point the Clippers have encountered adversity ranging from the comical to the calamitous.The addition of West no question makes the Clippers smarter, Rivers today, as a basketball operations boss, better than he was yesterday, better than he ever has been, in fact.But no one in the front office was going to prevent Chris Paul from imploding in the closing minute at Oklahoma City in 2014 or the Clippers from blowing a 3-1 series lead to Houston in 2015 or any of the various fractures, breaks and strains that have helped trash this team’s recent springs.The Clippers, like few franchises in sports now that the Chicago Cubs are champions again, need all the help they can get, this organization still somehow having never won as many as two playoff series in one season.The current Clippers also face uncertainty as it relates to the possible free-agent futures of Paul and Blake Griffin and, like every team in the league, the genuine possibility that Golden State is committed to consuming this sport whole.West helped construct those Warriors, a near-perfect collection of talent and unselfishness he now must attempt to beat.“If you don’t have a reason for getting up in the morning, you better go back and stick your head in the house,” West said. “I’m not going to do that. Period. That’s not me.”No, that’s not Jerry West, a self-described crazy man whose brilliant NBA career just took its least likely and most unconventional turn yet. Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img Just the same, right here at the top, I’d like to note that it was West who, during his introductory news conference, called himself “crazy.”He is simply the most valuable 79-year-old in the history of the NBA, a man hired just to share his opinion being trumpeted for his ability to now make a tangible difference.“I’ve never been conventional,” West said as to why someone would leave the two-time NBA champion Warriors for the all-time NBA also-ran Clippers.He noted that he retired as a Laker in 1974 when he felt it was time even though he “would have been the highest-paid player in the league.”He explained that he departed from the Lakers as an executive in 2000 after winning another NBA title – his seventh overall – despite knowing “they were going to win more.”last_img read more

first_imgIn a move that carried less drama than a bland Hollywood script, the Lakers selected a player in the NBA draft on Thursday that many expected would wear a purple and gold uniform.The Lakers drafted Duke forward Brandon Ingram with their No. 2 pick, providing an immediate replacement at the small forward spot that Kobe Bryant left vacant following a storied 20-year NBA career. While Lakers general manager Mitch Kupchak argued “there is no ceiling on” Ingram, he hopes to carry the legacy Bryant set that ended with a 60-point performance. “I just loved he was still at it; that’s Kobe Bryant,” Ingram said. “He took no nights off. He had an amazing work ethic. I hope I can be like him someday.” The Lakers may have drafted Ingram to replace Bryant. But the 18-year-old Ingram is not comparable to Bryant after he won the ACC’s freshman of the year award during his lone season at Duke. But Ingram should complement the Lakers’ promising young roster to remove the stench from finishing last season with the worst record in franchise history. “I don’t know if he’s the best or not, but he’s the player I wanted,” Lakers coach Luke Walton said. “What he has the potential of doing and what he can already do at his age, with his length and his skill set, is very impressive and unique.”All of which could bolster the Lakers in a few areas.With the Lakers finishing 30th out of 30 NBA teams in 3-point percentage last season (31.7), Ingram should boost those numbers after shooting 41 percent from behind the perimeter with the Blue Devils. With the Lakers finishing 27th in total defense last season (106.9 points per allowed), Ingram’s history in defending the opposing team’s top scorer could improve those rankings, too.“If I have a lot of attention on me, I’ll get guys open,” Ingram said before referring to his future teammates D’Angelo Russell, Jordan Clarkson and Anthony Brown. “All those guys work on different things in the offseason. I’ll look to get their numbers up in their percentages.” That partly explained why Kupchak’s phone rarely stopped ringing on Thursday. He fielded what he called “a lot of interest in our No. 2 pick.” That did not spark much momentum into a potential trade for a star player. Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img “There was nothing that piqued our interest,” Kupchak said. “This time of year, teams are serious. They’re recognizing that picks are valuable.”The Lakers also selected Croatian center Ivica Zubac with their No. 32 pick, but obviously Ingram’s arrival is considered most valuable. During his individual workout, Ingram showed off his shooting stroke and ball-handling talents while also going 1-on-1 against Lakers development coaches Thomas Scott and J.J. Outlaw. The Lakers also liked Ingram’s respectful demeanor during dinner, which included Julius Randle, Russell, Clarkson, Larry Nance Jr. and Brown attending the second session.“We’re ecstatic to have him,” Kupchak said. “Going into it based on what we felt, we felt we’d be very lucky to get Brandon into this city and into this organization.”It appears Ingram felt the same way.Once he heard his name called at the Barclays Center in Brooklyn, New York, Ingram stood up and pointed his hands toward the sky. Later, Ingram professed he felt “very happy” and “very blessed” for playing for a “rich organization.” Though he represents the youngest player in this year’s draft, the 18-year-old Ingram also outlined his hope to become a more vocal leader. “When I went into Duke, I wasn’t vocal at all,” Ingram said. “I needed to be a vocal leader and not being afraid to talk and not be afraid to get on people when I’m playing.” That hardly marks the most pressing concern about Ingram. Kupchak admitted Ingram “needs to work and get stronger” after having a listed 6-foot-9, 190-pound frame. Yet, Walton insisted he “doesn’t see concerns about his weight” for one simple reason.“He’s young; he’ll naturally get stronger,” Walton said. “Talking to some of the coaches that were here when he came and did his workout, even though he’s skinny, he had strength to him in the individual workout that he did. That’s good to hear.”Ingram said he has gone from weighing 169 pounds to 195 in the past year because of constant workouts and high-caloric meals. He also has said he wants to weigh 210 pounds by the beginning of the 2016-17 season. Yet, Ingram downplayed his weight issues, arguing that he can overcome such a weakness with superior defense and an outside shot.“I don’t think it bothers me at all,” Ingram said. “It just gives me motivation to show guys the skinny part doesn’t matter. It got me here today. I’m the No. 2 pick. Skinny didn’t mean anything when I was battling guys each and every night.”Still, Ingram did not land at No. 1. The Philadelphia 76ers reserved that spot for LSU forward Ben Simmons because of his superb playmaking. “I don’t think I have a chip on my shoulder for that,” Ingram said. “I’m having a chip on my shoulder for being doubted each and every day. I try to prove people wrong.”The Lakers hardly sounded skeptical of Ingram. Instead, they went for the expected move. That may have lacked any element of surprise, but the draft selection could still eventually lead to a blockbuster performance. last_img read more

first_img…as school reopens todayThe Officer in charge of Traffic in ‘C’ Division, East Coast Demerara, has made a call for commuters to be extra careful while using the roadways there, due to the ongoing expansion works.The Officer – Assistant Superintendent Morris Fraser — told Guyana Times during an interview on Saturday, “I’m appealing to the road users, especially the drivers, to be extremely cautious while using the East Coast public road, which is presently under construction between Annandale (and) Better Hope”.According to Fraser, since the expansion works started, the number of road accidents has in fact decreased, since drivers are now forced to lessen their usual speed, and there is increased police presence there.Fraser said, “The construction causes vehicles to slow down at most of the area where construction is going on; so, based on that, there is a reduction of speeding, which leads up to the decrease in road accidents in that particular area”.He also said the Guyana Police Force (GPF) would, in the next two weeks, commence lectures in the various schools in an effort to create more road safetyOngoing works at the ECD public roadawareness with the objective of eventually promoting safer environs for everyone.Officer Fraser said, “What you would find is that, during this period, you will have children who are now going to be attending different schools for the first time, and you have people who are going to be going to higher grades or higher classes, and so on. Some of them are going to be left on their own by parents; some of them are going to be using pedal cycles, and all these kinds of things; so there is a need for us to go to the schools to reinforce the road safety laws: like the curb drill, how to use the road, what to look for, how to cross on pedestrian crossings, and all the other things”.He said it is especially important for children to know how to use the pedestrian crossing, because many times they just cross. “We need to let them know that vehicles need time to stop, and these kind of things,” he elaborated.In addition to the school lectures, the Officer said, plans are also being made to lecture drivers to re-educate them, and reinforce the road laws.The US$50.2 million East Coast Road Expansion Project has two components; one features a four-lane expansion of the road from Better Hope to Annandale, and the other caters for an upgrade to the existing two-lane road from Annandale to Belfield.The two-year project is scheduled to be completed in September 2019. However, the contractor is aiming to wrap up the four lanes by the end of this year, after which work would commence on upgrading the two-lane next year.With the China EXIM Bank putting up most of the finances for the road expansion, Guyana had awarded the contract to China Railway First Group for some US$42.7 million.Upon completion of the widening and improvement of the East Coast Demerara Highway, citizens travelling along the East Coast will benefit from reduced travel time and less traffic congestion. Apart from the road being expanded, the project includes improved drainage for the East Coast, which is usually susceptible to flooding.last_img read more