Guyana invests billions to drive housing development

Loop News- The Government of Guyana is continuing to pump billions of dollars to develop housing infrastructure across the country.

- Advertisement -

The Department of Public Information (DPI) reports Minister Collin Croal disclosed that infrastructural works are ongoing in Region Five to the tune of $3.5 billion.

The minister stated that some $4 billion has been exhausted to develop housing schemes in Mahaica-Berbice, including roads, drainage, electricity, and water.

Infrastructural works are ongoing at Shieldstown to the tune of $2 billion, another $820 million is being invested at Burma, while $621 million and $500 million are being spent at Balthyock and Experiment, respectively.

Meanwhile, there are ongoing infrastructure works in Region Six to the tune of $9.2 billion, for which contracts have already been signed.

In less than three years, Region Six has seen the injection of over $10.5 billion for housing infrastructure development. At No. 75 Village, some $1.2 billion was spent, while $1.7 billion was invested at No. 76.

Palmyra Village is also undergoing ground-breaking projects worth over $10 billion.

To date, close to 1,000 house lots have been allocated in Region Five, while another 1,300 have been allocated in Region Six. This is in keeping with the government’s aim to allocate 50,000 house lots within its first term in office.

More Stories

Jamaica police force JCF

INDECOM probes fatal police shootings as death toll climbs to 37 for April

The Independent Commission of Investigations (INDECOM) has launched probes into four separate incidents involving members of Jamaica’s security forces in which five men were...
Guyana’s President Dr. Mohamed Irfaan Ali

Guyana President voices alarm over Venezuela Essequibo symbol display

Guyana’s President Dr. Irfaan Ali has expressed “grave concern” over the public display of a brooch worn by Venezuela’s Acting President Delcy Rodríguez that...
Andrew Holness Jamaica

PM Holness says contractors must step up to meet 150,000 housing goal

Jamaica's Prime Minister Andrew Holness is urging the development of an enterprise-level contracting sector to support the Government’s target of delivering 150,000 housing solutions...

BVI, Dominican Republic to sign bilateral agreement in June, back deeper regional integration

The British Virgin Islands and the Dominican Republic are set to sign a bilateral agreement in June aimed at strengthening cooperation across key sectors,...

Bartlett targets south coast towns for expansion of ‘edutourism’ in Jamaica

Jamaica's Tourism Minister Edmund Bartlett says several towns along Jamaica’s south coast and surrounding areas are being positioned to tap into growing global demand...

US Coast Guard offloads over $53M in cocaine seized in Caribbean Sea

The U.S. Coast Guard Cutter Escanaba offloaded approximately 7,050 pounds of cocaine valued at more than $53 million on Monday at Port Everglades, following...

Guyana private sector condemns Venezuelan Essequibo imagery during Barbados visit

The Private Sector Commission (PSC) of Guyana has strongly condemned what it described as a “deliberate and provocative display of imagery” by Venezuela’s Acting...
businesses

The rise of solopreneurship: Tools you need to succeed

Working solo used to mean working small. A one-person operation was, by definition, a limited one. That assumption no longer holds. The combination of...
healthcare collapses in Haiti

MSF warns of worsening humanitarian crisis as healthcare collapses in Haiti

Doctors Without Borders/Médecins Sans Frontières (MSF) is warning that Haiti’s humanitarian situation has continued to deteriorate sharply, with escalating violence, collapsing public services, and...
Bank of Jamaica (BOJ)

Jamaica launches search for new Bank of Jamaica Governor

The Government of Jamaica has begun the process of selecting a new governor for the Bank of Jamaica (BOJ), as current governor Richard Byles...

Latest Articles