PRESIDENT Bharrat Jagdeo is expected to perform the symbolic turning of the sod to officially launch the start of the construction of the new Guyana Bank for Trade and Industry (GBTI) Head Office Building today at Young and High Streets, Kingston, Georgetown.

According to a press release, the new building will be an impressive and modern four-storey structure that will bring architectural enrichment to the area and to the capital city as a whole.

“It will encompass a total floor area of approximately 54,000 square feet and aimed at improving the capacity of the management team to enhance the quality of service to the bank’s corporate clients,” it added.

The release stated that the bank has already completed the first phase of the project which involved sand filling and pile driving for the foundation of the main building, boundary fences and services buildings and during that phase, over 8,000 piles of 65 feet and 45 feet in length were driven on the site.

The next phase is the construction of the main building and the entire project is slated for completion in twenty months, it said.

“The Board of Directors believes that this new head office is an essential and important step in keeping with the strategic plans of the bank and is one that will help to ensure that GBTI continues to be the leading financial service organisation in Guyana” it pointed out.