VAMED Engineering GmbH, a Vienna-based healthcare infrastructure contractor, says it will begin international arbitration against the Government of Guyana regarding alleged unpaid, certified costs for two hospital construction projects: the Guyana Paediatric and Maternal Hospital and the New Amsterdam Hospital Campus. The company’s announcement follows a public statement that frames its dispute as payment for work that has been certified.
The Government of Guyana rejects VAMED’s claims and says the contractor’s public account omits key information. In its response, the government characterizes VAMED’s narrative as misleading and states that it will defend its position if arbitration proceedings start. The government does not concede the amount claimed or the basis for any unpaid balance, and it maintains that its position will be presented through the appropriate legal process.
The two sides thus present opposing views of the status of payments and the contractor’s performance on the projects. The next steps depend on whether arbitration is formally initiated and how the parties present their respective accounts during the proceedings.
