The Guyana Office for Investment has facilitated a US$250 million diaspora-funded private sector investment with the commissioning of the TriStar Shore Base and Energy Terminal on the West Bank of Demerara, a project officials say reflects strong overseas Guyanese confidence in the country’s economic direction.
The development was unveiled at this year’s Guyana Energy Conference and Supply Chain Expo, with Phase One representing a US$100 million investment. Phase Two, valued at another US$100 million, is slated for completion in the second quarter of 2026, while Phase Three, estimated at US$50 million, is expected to be finalised by the end of the year.
According to the Guyana Office for Investment, the project strengthens national oil and gas support infrastructure while expanding local participation in the sector’s value chain.
Chief Investment Officer and Agency Head of the Guyana Office for Investment, Peter Ramsaroop, welcomed the initiative, stating that it aligns with President Irfaan Ali’s development agenda and calls for diaspora engagement in nation-building.
“This investment demonstrates the deep confidence that Guyanese abroad have in the country’s economic trajectory. It reflects a deliberate strategy to combine diaspora capital with structured local capacity development, ensuring that Guyanese workers and enterprises benefit meaningfully from growth in the energy sector,” Ramsaroop said.
The initiative was led by US-based Guyanese investor Kris Persaud and is being developed with international technical support during its initial phase. Germany-based Martrade and offshore logistics specialists 3PL have been contracted to manage early operations while training Guyanese personnel in line with the country’s Local Content Framework.
The TriStar Shore Base and Energy Terminal is designed as a 24-hour multipurpose facility servicing offshore oil and gas operations, containers, and general and project cargo vessels. Phase One is now operational and includes 320 metres of quayside with a seven-metre draft.
Officials noted that the facility has been engineered to handle heavy offshore cargo, with dock platforms tested to 86 tonnes per square metre and supporting land infrastructure built to withstand 40 tonnes per square metre—specifications described as uncommon within the Caribbean region.
Future phases will include a container terminal with capacity for 5,500 TEUs and portal harbour cranes, a roll-on roll-off terminal, and an inland container depot. These additions will be supported by pipe yards and logistics facilities across an additional 300 acres in the planned Tristar Gateway Park.
Operational capabilities are expected to include floating hose assembly, isotank storage, tubular preparation, heavy-lift staging for subsea equipment, and crane capacity of up to 450 tonnes. Environmental management systems, including wash bays, inspection areas and a waste treatment plant, are also being incorporated in keeping with international safety and sustainability standards.
Project officials said the long-term goal is for the facility to be fully managed and operated by Guyanese through structured technical training and certification programmes. The investment is also intended to support skills transfer, create employment opportunities and retain a larger share of value generated by Guyana’s energy sector within the domestic economy.
