Works on new US$260M Demerara River Bridge progressing

some 100 homes will be constructed at Tract CHPA, Tabatinga, and Culvert City. This initiative is the brainchild of President Dr Mohamed Irfaan Ali.

The first 48 homes are currently under construction at Tabatinga and Culvert City.

Minister Croal announced that the contract will be signed shortly, for an additional 52 homes, of which 35 will be constructed in Culvert City and the remaining in Tract CHPA.

Each home will be constructed at a cost of $3 million, of which $1 million in support for the building cost will be provided by the ministry.

The housing ministry is also partnering with the New Building Society, Republic Bank Guyana Ltd, and the Guyana Bank for Trade and Industry, as they will be offering loans to the tune of $2 million, at a rate of 3.5 per cent to the prospective homeowners.