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Government Halts Hospital Projects | Guyana News
The government terminated two major hospital projects — New Amsterdam Hospital Campus and Guyana Paediatric and Maternal Hospital — after contractor VAMED Engineering repeatedly missed deadlines, forcing a halt despite prior attempts to resolve issues. To protect public funds, authorities secured sites, materials, and activated $15 million performance bonds per contract. The dispute is now heading to international arbitration via the ICC, set to take place in Guyana — a strategic move to position the country as a regional arbitration hub while staying committed to delivering critical…
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