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Builders continue to face losses as stone shortages continue

May 20, 2013 News

 

 
As the Ministry of Natural Resources and the Environment contemplates the establishment of new quarries, home builders continue to suffer due to the shortage of stone.
Since late last year, there has been a troubling fluctuation of the availability of this key construction material.
It was following these complaints that Minister of Natural Resources and the Environment, Robert Persaud, recently explained that his Ministry is engaging investors regarding the possible opening of new quarries.
This is expected to ease the anxiety, especially for home builders who depend on this vital material.
Kaieteur News understands that the groundwork which is vital to determining whether or not these new quarries should be established, is currently ongoing by the Guyana Geology and Mines Commission (GGMC)
This groundwork is expected to determine the level of production and output, so as to determine why it is that these shortages occur in the first place, and what can be done to improve the situation.
In the mean time, builders, particularly those constructing their homes via home loans, have been continuously and significantly affected by this repeated shortage of quarry materials on the local market. This scenario would usually result in the few local suppliers having to ration the stone.
According to a few builders and truck owners, the shortages have become a bit too regular, and something needs to be done urgently.
Kaieteur News understands that while there is a general shortage of these materials, there are especially times when there are absolutely no stones available.
“This affecting us terribly, because we working on a loan from the bank, and my husband quit his job to look over the work, and we are struggling for a daily bread as it is, so when we don’t get the materials, the work does left stalled. The bank does question us, and it causing a real strain on our pockets,” Nalita Singh, one home builder said.
Others affected include truck operators who transport these materials in an effort to provide for their families. Those affected are calling on the Minister to speed up the process, as they can no longer tolerate operating being at a loss.

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