Guyana invests billions to drive housing development
Key Points(4)
- <strong>Loop News-</strong> The Government of Guyana is continuing to pump billions of dollars to develop housing infrastructure across the country.
- 75 Village, some $1.2 billion was spent, while $1.7 billion was invested at No.
- 76.</p> <p lang="EN-US" xml:lang="EN-US">Palmyra Village is also undergoing ground-breaking projects worth over $10 billion.</p> <p lang="EN-US" xml:lang="EN-US">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.</p>
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.
