$881.8M spent on housing, during first half of 2015

Georgetown : Government has expended over $881.8 million during the first half of the year on the housing sector. According to the Mid-Year Report, compiled by the Ministry of Finance, this included current expenditure of $45.4 million and Capital Expenditure of $836.4 million.

Infrastructural works continued in housing schemes in areas such as Lust-en-Rust, Zeelugt, Windsor Forest, Providence, Farm, Diamond, Eccles, Enmore, Sophia and Cumberland.

In addition, 1,514 land titles were processed, and 1,908 titles were distributed, during the first half of 2015.

Meanwhile, the Second Low Income Settlement (LIS) came to an end in June 2015. The Report noted that a number of achievements were attained under this programme during the first half of the year, including the completion of the access road in Section ‘D’ Sophia, and upgrade of the electrical distribution network in Recht-Door-Zee and Amelia’s Ward.

In the second half of 2015, the Report said, government will complete 100 turn-key homes, and allocate 200 new house lots in Perseverance, process an additional 500 land titles, and further distribute 900 land titles.