News

The Government of Saint Vincent and the Grenadines has gone ahead to purchase the first fifty (50), timbre pre-fabricated houses from Guyana. This first set of houses is expected to arrive by the end of March 2023.

The houses range in prices from 16 thousand US to 38 thousand US dollars - one-bedroom, 333 square feet homes, are approximately 16 thousand US dollars. The two-bedroom, 526 square feet homes, are approximately 25 thousand US dollars; while the three-bedroom, 776 square feet, homes are approximately 38 thousand US dollars.  

Prime Minister, Hon. Dr. Ralph Gonsalves , said that the quality of the houses are such that they can last a lifetime, and can withstand up to category four (4) hurricanes.
“The idea is to have them certainly grounded in the concrete… so that we can have perhaps, category four (4), resilience, certainly they are; but if we can get a category four (4) resilience, they are beautifully designed, I think people are going to love them,” Dr. Gonsalves stated.

Funding for the houses will be provided by Demerara Bank of Guyana at a cost of 6 million EC dollars (2.2US), for 7 years at 5 per cent interest rate on the declining balance. “We are bearing the cost as a nation,” Dr. Gonsalves said.

The Prime Minister added that the kind of investment in housing from this government, over the last twenty years, is something which is unprecedented. Over 900 houses with varying levels of damage have been repaired and rebuilt since the eruption of La Soufriere.

SOURCE: Agency For Public Information