The Ministry of Housing and Water has received 12 Expressions of Interest (EoI) after publicly advertising in the hope of raising US$250m ($50b) to support its housing development plans.
“We have received responses from several banks and investment firms,” Minister Collin Croal told Stabroek News yesterday.
He explained that the responses are currently with an evaluation team which will perform the technical work necessary to select the most suitable proposals after which the process will possibly move to negotiations.