Guyana Resource Center
Set like a gem in the crown of South America, nestled on the North-Eastern shoulder, defying the raging Atlantic Ocean, Guyana's many waterways reflect the source of it's name "The Land of Many Waters"
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GEORGETOWN, Guyana (AP) - Investors and Guyana's government will spend US$85 million (€66.8 million) to build a 20,000-seat stadium, upgrade the airport and construct new roads for the 2007 cricket World Cup, an official said Tuesday.
The South American country expected an estimated 20,000 visitors for the six-week tournament, which is being held in the Caribbean for the first time, said Sports Minister Anthony Xavier.

Xavier could not say what the investment returns would be, but noted it was expected to boost tourism to the region. Jamaican Finance Minister Omar Davies has said his country will pump US$105 million (€82.5 million) into the event, while pulling in only US$9 million (€7.1 million) in revenues.

Investment in Guyana includes the building of five new hotels with a total capacity of more than 1,000 rooms, as well as constructing smaller budget lodging. The country still needs about 3,000 bed-and-breakfasts, Xavier said.

India was helping finance the stadium, providing a US$6 million (€4.7 million) grant and a US$19 million (€14.9 million) loan.

It will cost the region US$580 million (€455.5 million) to host the tournament, which will be played in nine countries, Davies has said.

Stadiums in six countries were being built for the tournament, while seven other match sites were undergoing major renovations. Some countries were also scrambling to build hotels and other accommodation to house the 100,000 cricket fans expected to attend matches.

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