Georgetown’s historic markets, iconic buildings, and community spaces are set to undergo significant improvements this year, as the government launches a $2.8 billion Georgetown Enhancement Programme.
During a session of the Parliamentary Committee of Supply, Opposition MP Ganesh Mahipaul and Duarte Hetsberger scrutinized the funding details with Minister of Local Government and Regional Development, Priya Manickchand. They pressed for clarity on how the allocated billions will be utilized and questioned the delays of some previously approved projects.
A substantial portion of this allocation—$2 billion—is specifically designated for the restoration, reconstruction, and rehabilitation of Stabroek Market and the development of Bourda Green. Minister Manickchand emphasized that the project aims not only to modernize these facilities but also to preserve their historical integrity. “This is not just a pull-down-and-build project,” she noted, highlighting the need for safety and functionality for the numerous vendors and shoppers who frequent the market.
For 2026, $74.79 million is set aside for ongoing roof repairs at Stabroek Market, a project that commenced in 2025. Last year alone, $200 million was invested in rehabilitating the market, with current works—awarded to BM Properties Inc. last October—reported to be approximately 60% complete. The contract is expected to conclude by the end of March.
Minister Manickchand detailed the complexities involved in working on aging structures, saying, “Sometimes you think you’re fixing zinc and then you discover a rotten rafter… hidden structural deterioration can increase costs.”
In addition to the Stabroek Market, $45 million will be allocated for the East Ruimveldt Market this year, which did not proceed as planned last year. The La Penitence (Albouystown) Market is also scheduled for completion this year after facing delays despite previous approvals.
The redevelopment of Merriman’s Mall into a green space, aimed at revitalizing the historic recreational area for families and community events, will also progress this year.
The $2.8 billion programme extends beyond just market renovations, encompassing a comprehensive vision for urban renewal. Allocations include:
$30 million for restoration of poet Martin Carter’s home on Lamaha Street, pending consultations with property owners.
$200 million to enhance avenues, building on recent improvements in lighting along East Street.
$100 million for refurbishment of the Transport and Harbours “stellings” and surrounding areas.
$150 million for rehabilitation works in collaboration with the Mayor and City Council.
$35 million for the fabrication and installation of street-name signage.
Continued work on the Tiger Bay multipurpose court, a public-private partnership aimed at creating recreational opportunities for youth.
Minister Manickchand articulated the overarching goal, stating, “We want residents to live comfortably in a wholesome environment, with good streets, drainage, and community spaces for their children.”
Opposition MPs raised concerns regarding the delay of previously approved projects, arguing that last year’s total expenditure of approximately $2.7 billion under the same programme line resulted in incomplete projects.
In response, Manickchand explained that shifting priorities—particularly in drainage works due to heavy rainfall—necessitated adjustments in program execution. She reassured Parliament that the 2026 allocations are strategically aimed at advancing Georgetown’s enhancement goals.
