VAMED takes hospital pay dispute with Guyana to arbitration
The firm says the Government stopped paying for a hospital project, even after its work was certified.
VAMED Engineering says the Government stopped paying for the Georgetown Maternal and Pediatric Hospital Project. The company says the Government's own engineering firm had certified its work.
News Source Guyana published the company's claim on 29 October 2026.
HGPTV reported that VAMED says it had no choice but to start international arbitration. In arbitration, a neutral panel, not a court, settles a dispute. The company says the state did not keep the project's European financing structure in place. It also says it has been paid nothing for more than a year.
Caribbean360 reported that VAMED Engineering GmbH is an Austrian firm. It says it is owed about EUR45.3 million.
Caribbean360 reported that the project is one of two hospital contracts in the dispute. One contract covers the Georgetown Paediatric and Maternal Hospital, built at Ogle. It is a 256-bed facility for mothers and children, valued at EUR149 million. The other covers the New Amsterdam Hospital Campus in Region Six. That site is a Level Five hospital with 230 beds, valued at US$161 million.
The Ministry of Health ended both contracts on 23 July 2026, according to Caribbean360. The ministry cited breaches and significant delays.
The dispute then moved to ICC arbitration, Caribbean360 reported. This came after the Full Court ruled on 22 September 2026. The court set aside five preservation orders that had blocked site access. That cleared the Ministry of Health to enter the Ogle and New Amsterdam sites.
The story was first reported by News Source Guyana.