GUYANA- The restoration of the Brickdam Independence Arch cost $18.7M. Corporate citizens contributed $12.1M and the remainder came from “others”.According to an Independent Accountant’s Review Report prepared by Nigel Hinds Financial Services, and dated July 5, 2015, the activities, inclusive of the restoration and inauguration, included the period between May 20 and June 5, last.
The report said that donations amounted to $19.2M but only $18.7M was used.
Some $665,000 was spent on advertising; $8.4M on meals and entertainment; $4.65M on cleaning and sanitation; $288,500 on contractor fees; $660,000 on professional fees and $4M on rental. The arch was a gift to the people of Guyana from the Demerara Bauxite Company (DEMBA) commemorating Guyana’s Independence from Great Britain on May 26, 1966. The structure consists of three tubes made of aluminum from Guyana’s bauxite mounted on a quartz base.
It was designed by a Canadian engineer, Edric Klak.(Kaieteur News)…[+]
Source: Dutch Caribbean News Independence Arch repairs and inauguration cost M— report