300 prefab homes to be constructed for rental during CPL

Apr 22, 2022 News

– President Ali says proceeds to fund housing for less fortunate families

Kaieteur News – President Irfaan Ali on Wednesday announced that 300 prefab homes will be constructed to be used as rental properties during the Caribbean Premier League (CPL) in September.

President Dr. Irfaan Ali.

He also stated that the proceeds from the rentals will be used to fund houses for less fortunate families. President Ali was at the time speaking at the launch of the International Building Expo 2022 at the Pegasus Hotel.
The launch event, held under the theme ‘A New Frontier for Building a One Guyana’, was attended by members of the Government, including the Minister of Housing and Water, the Hon Collin Croal, members of the Diplomatic Corps and numerous private sector representatives.
International Building Expo 2022 will run from July 22-24, 2022, at the National Stadium in Providence. Minister of Housing and Water, Colin Croal and Minister within the Ministry of Housing and Water, the Susan Rodrigues also made remarks at the event.
The Department of Public Information (DPI) reported, “We’re looking at a way in which we can marry cricket with uplifting people out of poverty. So we are setting aside land to build 300 prefab homes. Now, the prefab homes will be used during cricket to house people … and the revenue from that rental will go as down payment to the banks …”
It was further stated that President Ali said that such “innovative” initiatives, will “change the face of the country”.
President Ali also disclosed that there are also plans to convert residents’ houses into ‘Bed and Breakfast’ spaces. He explained that the aforementioned will serve the dual purpose of earning an income for residents while providing accommodation to the expected visitors.
According to a DPI article, the President spoke of the growth and evolution as well as the “tangible results” of the Building Expo since its inception in 2010. He stated that “the Building Expo is designed to showcase the development trajectory of the government from a construction perspective so that persons in the private sector, in the banking sector, in the commercial sector can align their own vision and align their own business model with the direction in which the government is going.”
President Ali explained that technology plays a key role in the housing sector and said that new and innovative ideas are welcome.
“We also have been able to develop our own technology, and we have been able to perfect our own art here in Guyana. So we are perhaps, I will say, in the top 10 tier of affordable housing, the cost per square foot for affordable housing globally.”
The President reiterated that the Building Expo is one of the key events which will convey the country’s development trajectory.
“It is an opportunity to basically narrate the future for planning and for positioning. And, that is what Building Expo helps us to do, position the country.” For this reason, he added, all other sectors must be involved in the event, as the building and construction sectors cut across all sectors. President Ali said that this is the year of opportunity as he encouraged investors to catalyse the opportunities and make use of the development paradigm.

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