Vreed-en-Hoop Shore Base Inc (VEHSI) said today that it has started installing the quay wall structure on its artificial island in the Demerara River. Members of the project team were on hand to witness the driving of the first set of sheetpiles, which marks the start of the quay wall installation.
VESHI said the sheet piles will help retain and stabalise the structure. So far, the construction process remains on schedule and additional equipment has been landed on the structure to conduct the compaction phase.
The group said there is a permanent construction presence with work being executed on a 24-hr basis. This new island is part of the reclaimed land that will be transformed into the estimated 44-acre mega-project to create the shore base facility. This facility will form part of the Port of Vreed-en-Hoop. The project is currently in the sand key reclamation and compaction phase. During this phase, the dredger, M.V Galileo Galilei, will continue the process of adding reclaimed material for the creation of the artificial island on which the construction of the new terminal will be situated.
Additionally, machinery on the island will begin compacting the material into a more stable structure. This project will, in the first phase, add more than 44 acres to Guyana’s coastline. Phase one of the project is meant to be the special purpose vehicle to serve as a SURF (Subsea Umbilicals, RiserandFlowlines) Shorebase for Esso Exploration and Production Guyana Limited (EEPGL) projects.
The project managers have warned that the site remains an active construction zone and landing on the island is prohibited. The team is therefore urging all to remain clear of the construction zone and to adhere to the previously issued notices. Construction is ongoing and the land mass will continue to be expanded.
The project started the first step in June 2022, which entailed the dredging of the access channel in the Demerara River including the deepening/widening of the existing nautical channel, berth pockets, and turning basin. This phase has been hailed a success by the project managers and the upgraded channel has been handed over to the Maritime Administration Department (MARAD)
VEHSI is currently the largest Guyanese private sector investment in the oil and gas sector and is expected to cost over US$300 Million. According to the project directors, the support and encouragement given by the Government of Guyana have been reassuring and augur well for additional investment and the future of Guyana.
The project is expected to become operational in 2023.
Vreed-en-Hoop Shorebase Inc. is a joint venture between NRG Holdings Inc.—a 100 percent Guyanese-owned consortium that is the majority shareholder –and Jan De Nul, an international maritime infrastructure company headquartered in Luxembourg.
