HDC, Chinese company partner on 5000-unit housing project
Conceptual design for Lady Hailes Avenue, San Fernando. Photo provided by the Housing Development Corporation (HDC).
A formal agreement has been signed by Housing Development Corporation (HDC) and Chinese company, China Gezhouba Group International Engineering Co Ltd (CGGC) to construct 5000 apartment units at specific sites across Trinidad.
This signing ceremony, which comes after a year of negotiations, was held on Friday at the Hyatt Regency Hotel in Port of Spain.
The first phase of this collaboration with CGGC is expected to produce 204 two and three-bedroom apartment units at South Quay, Port of Spain and 235 two and three-bedroom apartment units at Lady Hailes Avenue, San Fernando.
CGGC will be responsible for the financing, design, procurement and construction of the housing blocks and the associated infrastructure for these developments.
The first phase of the project is expected to span two years and is estimated to cost $USD 71,739,411.00.
Local content including materials and labour are expected to be used for this project. It is expected that this construction project with CGGC will significantly reduce the deficit in the local housing industry and will regenerate the urban landscape in cities such as Port of Spain and San Fernando.
Speaking at the signing ceremony, Housing and Urban Development Minister, Edmund Dillon said no Government can satisfy the huge demand for public housing; however, what the Government must do is ensure that alternative measures are put in place so that low and middle-income families who require the state’s assistance for shelter, can have an opportunity.
Describing the deal as “a defining moment for the housing construction industry in Trinidad and Tobago”, the Minister stated that “the Government through agencies like the HDC, remains committed to providing affordable, well-designed housing accommodation and adequate infrastructure and amenities for the various low and middle-income citizens.
Also present at the signing ceremony was HDC Managing Director, Brent Lyons, Member of Parliament for Port of Spain South, Marlene McDonald, Attorney General Faris Al-Rawi who is the Member of Parliament for San Fernando West, Trade and Industry Minister, Paula Gopee-Scoon, Foreign and CARICOM Affairs Minister, Dennis Moses, Ambassador of the People’s Republic of China, Song Yumin and executives of the HDC.