The Guyanese government has unveiled ambitious plans to revitalize the capital city’s historic landmarks through a massive GY$2 billion (US$9.6 million) urban renewal initiative. Local Government Minister Priya Manickchand announced to the National Assembly’s Committee of Supply on Thursday that the comprehensive facelift will potentially include either restoration or complete reconstruction of Stabroek Market—the largest public market in the English-speaking Caribbean—along with enhancements to Bourda Green.
Minister Manickchand emphasized the cultural significance of Stabroek Market, describing it as “iconic to Georgetown and to Guyana,” while clarifying that the project involves careful consideration rather than simple demolition. “It’s not just a pull down and build project,” she stated during budget deliberations for the GY$1.558 trillion national budget for 2026.
The market modernization initiative comes as the government continues roof repairs through a GY$107.7 million contract awarded in October 2025, with 60% of those repairs already completed. An additional GY$74 million has been allocated to complete remaining repairs before major renovation works commence.
The minister outlined new quality standards for public markets, emphasizing the need for improved sanitation facilities, enhanced weather protection, and better organized vending spaces to meet modern commercial requirements.
Beyond the market project, the urban renewal program includes GY$30 million for rehabilitating the former residence of late national poet Martin Carter on Lamaha Street, Queenstown, following consultations with the property owner. Additional funds have been designated for designing and constructing green spaces in several Ruimveldt areas of southern Georgetown, signaling a comprehensive approach to urban beautification and functional public infrastructure development.