The Housing and Water Ministry has allocated some Gy$250 million for the establishment of an industrial complex in Eccles under the East Bank Development Project. Housing and Water Ministry Finance Director Taslim Baksh speaking to media operatives during a tour of various aspects of the project over the weekend, said Guyanese stand to benefit significantly from job creation, services and other developmental initiatives that will be undertaken by business entities that form part of the complex.
“So far we have allotted between 15 and 20 plots of land to businesses that meet the criteria we established for those entities that would fall part of the hallmark industrial complex,” he explained.
The Gy$250 million that was injected into the complex was for land clearing, drainage and irrigation services, water and electricity. The finance director said that Guyanese can look forward to the establishment of factories, a printery, warehouses, a furniture store, among other manufacturing entities.
“Employment would be created and industry strengthened,” he said, explaining that altogether, government expects that businesses would spend a whopping Gy$5 billion to set up shop, while pursuing their respective business goals in the first couple of years.
“We believe in enterprise and industry and will always extend a hand to our business partners to come on board when the opportunity presents itself,” Baksh said.
Homes for professionals
Meanwhile, Central Housing and Planning Authority (CH&PA) Operations Director Denise King-Tudor said significant progress has been made with the construction of homes under the East Bank Development Project, especially those which would see professionals’ benefiting immensely.
She said that more and more Guyanese wanted to own a home and land without having to deal with the burden of contractors, and the entire works. Tudor said the housing ministry has developed a package for professionals which would see teachers, nurses and other such category of employees, once they qualify, benefiting from “turn-key homes” which cost between $4.1 and $4 million in Eccles.
“This aspect of the project has been stimulating lots of interest and we have taken on board the feelings of many professionals and have designed this pilot especially for them,” she told media.
Tudor also announced that Housing Minister Irfaan Ali wanted to expand the project to various regions offering professionals an opportunity to cash in on the offer to own their own lands and homes, through a partnership that would see them receiving financing from the New Building Society. Some 80 homes are to be constructed but the ministry has received more than 500 applications.
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