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THE Ministry of Housing and Water is working to complete the scheme for professional groups in Eccles, East Bank Demerar, by August this year, as it is a priority project.
Minister of Housing and Water, Irfaan Ali, said the scheme will see the development of a semi-gated community within the wider Eccles housing scheme, in which forty 1,200 square foot houses will be constructed. The total cost of this package will be just below $15M. However, such a package in an area such as Eccles from a private developer will cost about $25M.
Minister Ali explained that the ministry is in receipt of an enormous number of applications from young professionals such as doctors, lawyers, engineers and bankers within the age group of 25-35, and as such, it has worked to create an affordable package for this target market.
Turning his attention to the Eccles scheme, he said that the land on which it now stands was among the first to be developed. It saw the creation of 825 new house lots, an investment of almost $850M. These lots are between the moderate and low-high income scale.
All of these lots have already been allocated; however, only 40 percent of homes have been constructed thus far.
Housing development on the East Bank commenced in late 2010, when government announced its vision to create 30,000 new households.
Minister Ali explained that some of the difficulties in reaching this vision and accomplishing that target were the creation of adequate infrastructure, particularly to ensure the delivery of services such as water and electricity to meet the demands that would come with these additional homes.
In 2011, Government invested almost $2.3B on the East Bank, and in 2012, an additional $3.5B was invested. This brings a total of a significant $5.8B on the East Bank alone.
Minister of Housing and Water, Irfaan Ali, said the scheme will see the development of a semi-gated community within the wider Eccles housing scheme, in which forty 1,200 square foot houses will be constructed. The total cost of this package will be just below $15M. However, such a package in an area such as Eccles from a private developer will cost about $25M.
Minister Ali explained that the ministry is in receipt of an enormous number of applications from young professionals such as doctors, lawyers, engineers and bankers within the age group of 25-35, and as such, it has worked to create an affordable package for this target market.
Turning his attention to the Eccles scheme, he said that the land on which it now stands was among the first to be developed. It saw the creation of 825 new house lots, an investment of almost $850M. These lots are between the moderate and low-high income scale.
All of these lots have already been allocated; however, only 40 percent of homes have been constructed thus far.
Housing development on the East Bank commenced in late 2010, when government announced its vision to create 30,000 new households.
Minister Ali explained that some of the difficulties in reaching this vision and accomplishing that target were the creation of adequate infrastructure, particularly to ensure the delivery of services such as water and electricity to meet the demands that would come with these additional homes.
In 2011, Government invested almost $2.3B on the East Bank, and in 2012, an additional $3.5B was invested. This brings a total of a significant $5.8B on the East Bank alone.
