Gov’t investing $30B in at least 3,500 housing units

The government plans to invest $30 billion in the construction of at least 3,500 housing units in Regions Three and Four, Minister of Housing and Water Collin Croal announced on Friday.

Croal said that 1,500 housing units will be constructed at La Bonne Intention (LBI) on the East Coast of Demerara (ECD), 1,000 at Leonora on the West Coast of Demerara (WCD) and 1,000 at Wales on the West Bank of Demerara (WBD).

Housing units will also be constructed at Silica City- the country’s newest city planned for development near the Soesdyke/ Linden highway.

The Housing Minister, speaking at Friday’s opening ceremony of the International Building Expo 2022, said that the construction of these housing units is part of the government’s plan to provide housing solutions to Guyanese.

The government has already started construction of housing units in other areas including Cummings Lodge, Prospect and Providence. The construction of these housing units are subsidised by the government, thereby being sold at a cheaper rate to Guyanese.

These solutions are accompanied by the government’s plan to distribute at least 50,000 house lots by 2025.

But the government is not only providing house lots and housing units.

Croal reminded the large gathering at the National Stadium, Providence, that the government was also investing in the infrastructural works needed for new housing schemes and areas.

“Over the next three years more than $100 billion will be invested in regional infrastructure and building works across the 10 administrative regions

“These works will begin to close the development gap between the coast and the hinterland and interject new life to other areas,” the Housing Minister said.

President Dr. Irfaan Ali, on Friday, emphasised that the government will aggressively pursue this housing agenda in a bid to provide much-needed solutions to people. He, however, explained that the development of the housing sector is a crucial part of the government’s plan to transform Guyana.

This weekend, the government’s plan for the housing and wider infrastructural sector, alongside private sector solutions, will be on full display at the building expo.