The Ministry of Housing and Water has moved one step closer to regularising 86 lots in Plantation Prosperity/ Barnwell North, EBD at an initial cost of $90M.
In his speech at a meeting with residents on Monday, at the Mocha Primary School, Minister Irfaan Ali said that regularising the area will allow residents to benefit from all the services the process brings, a release from the Ministry of Housing said.
Ali also said the preliminary costs of basic infrastructural works in the area is estimated at $90M and that the ministry is awaiting funds from the 2013 budgetary allocations to proceed with these works. According to a press release, beneficiaries will be able to pay a subsidised cost of $72,000 for lots in that area.
“The cost of regularization is expensive but we have [assessed] the situation and now you are paying one of the lowest fees as we try to bridge the gap,” Ali told the meeting.
The overall subsidization cost per lot amounts to $700,000, the bulk of which will be paid by the ministry. In this regard, Ali cautioned residents that not all areas within
