$40 billion earmarked for works in housing sector next year


The Ministry of Housing and Water has assigned $40 billion for the execution of infrastructural projects in 2024.

Subject minister Collin Croal said tenders were opened for the projects on Thursday, explaining that this is being done ahead of the National Budget to allow early commencement and to ensure that contractors are able to complete the works in keeping with their deadlines.

“As early as (Thursday) we have gone out for tender where we are tendering the works for next year…We are going through the tendering process early and awaiting the National Budget so we can start the projects early,” Croal said.

Some of the works include the infrastructural projects which will be done in Regions Three, Four, Five and 10.

The areas include Cornelia Ida Phase Two, West Coast Demerara; several areas on the East Coast Demerara including Good Hope, Lusignan, Two Friends, Non Pariel and Enterprise as well as Amelia’s Ward and Fitz Hope, Linden.

Tenders are also opened for the procurement of conductors, transformers and electrical line hardware materials which will be use to complete electrical works in housing schemes being developed across the country.

Bids are to be submitted on or before January 4, 2023.

In 2023, a total of $54.5 billion was set aside in the national budget for housing development in new and existing areas, including the construction of roads, drains and bridges, and the installation of utilities to meet housing demands.

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