Two hundred and sixty four families in Region Three are now one step closer to becoming first time home owners, as the Ministry of Housing and Water took its first ‘one stop shop’ initiative for 2015 to the region, GINA said.
A total of 69 lots in De Willem were allocated, 54 of which are valued $700,000 each while 195 lots were apportioned in Zeeburg, 154 of which are similarly valued, GINA said..
According to Minister of Housing, Irfaan Ali, this allocation will benefit 1082 individuals.
This project was done through a contracted sum of $213M by Chung’s Global Enterprise. GINA said that Ali further pointed out that the project is 60% completed, with the installation of a water network and application of crusher run to soon commence.
Also the installation of electricity that will cost Government $40M will begin in these areas before December.
Other expenditure will include the construction of the asphalted concrete main road to the tune of $63M and infrastructure works at a cost of $213M.
Ali asserted that government provides a subsidy of $590,909 to every household, through its housing policy, which would be equivalent to $144,124 at an individual level, and a total of $156M for the new home owners of these areas.
Ali said that in 2009, the demand for house lots in Region Three was 6000, and taking into consideration the new applicants over the years, today this has been reduced by 66%.
He also informed that government has just secured a loan of $3B, which will see infrastructural development for approximately 310 acres of land at Stewartville, Anna Catherina and Cornelia Ida. This reference appeared to be to a controversial $3b loan from the Guyana Geology and Mines Commission.
