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Govt. seeks additional $2.4B for housing projects, drainage

Jan 04, 2013 News

Minister of Finance, Dr. Àshni Singh yesterday asked the National Assembly for an additional $2.4B.
In the first financial paper, government is asking for a supplementary capital provision for $2B to cover the period December 18, 2012 to December 31, 2012.
Approval for the sum of $500M is being sought for the National Drainage and Irrigation Authority (NDIA) to meet expenditures associated with flood management and water control.
Under the Ministry of Housing and Water, approval for $1.5B is being sought for the development of new housing areas and improvement to existing ones.
This supplementary paper will be considered at the next sitting of the House.
Another $393M is being sought for the period ending December 31, 2012, as “supplementary provision on capital estimates”. Some $293M is needed as “additional” monies for the Citizens Security Programme while the Ministry of Public Works is requiring $100M more for its “Bridges Rehabilitation 2” –Transport Infrastructure Project.

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