Exports and imports are of great importance to accelerated economic growth. Making it possible for large cargo ships to come and go is of strategic value. This means that this year's most important priority is dredging the Nickerie and Suriname rivers, according to the President. By deepening these rivers, larger ships will be able to dock at the ports of Nickerie and Paramaribo. Rice and banana exports from Nickerie are expected to increase. This, in turn, will result in lower freight tariffs.
The port of Paramaribo is also going to be made accessible for much larger cargo ships, carrying bigger shipments. This will mean freight prices will decrease, which will then lead to lower consumer prices for all these goods. Bouterse says the government will carry out these dredging activities in the most inexpensive and sustainable way possible. They will make use of Public Private Partnership and Foreign Direct Investment instruments. This means little, or no, state resources will be needed. "It is expected that this will ensure that future strategic opportunities and prospects of economic growth will be effectively utilised", said President Bouterse.
Source: Suriname Herald