Beneficiaries of the government’s low-income housing programme will save up to $76,000 on eight slings of cement purchased from TCL Guyana Inc for home-building purposes.
The company says it remains committed to its 20 per cent discount on cement prices to first-time homeowners under the government’s low-income housing initiative despite its announced 9.3 per cent price hike. The increase, which pushes the cost of cement on the open market from $1,241 to $1,367 and takes effect today, has been described in a company release as “marginal”.
In its release TCL says that recent contraction in global demand for cement resulted from economic pressures. Accordingly, the