Jamaica
News - Real Estate - Projects
Source: JIS, February 1, 2007
Government Undertaking Housing Projects on
The North Coast
Minister of Housing, Transport, Water and Works, Hon. Robert Pickersgill, has
said that the government was undertaking a number of housing projects on the
booming north coast, which will provide about 2,118 housing solutions.
Mr. Pickersgill, who was speaking in the House
of Representatives yesterday (Jan. 30), said that the projects were being
undertaken by the Ministry through the joint venture Private Facilitation
Programme; the Jamaica Mortgage Bank; the National Housing Development
Corporation (NHDC); and the National Housing Trust (NHT).
"At present, there are two projects
comprising 696 solutions that are under construction in St. Mary. These are
Industry Pen phase 2, which consist of 632 service lots and Iter Boreale, which
consists of 60 service lots. The former is practically completed and the latter
is scheduled to be completed this year," informed the Minister.
He added that a total of 265 service lots were
completed under Industry Pen phase 1 in 2004.
In addition, he told the House, the Ministry
would be undertaking four capital projects, three of which were in St. Ann and
one in St. Mary.
"These projects will result in a total of
85 service lots; 28 at Chippenham Park, 25 at Greenwich Park and 2 at Windsor in
St. Ann," while the remaining 30 lots would be in Crooked River, St. Mary.
In addition, he said, two joint venture projects
were being planned for Bromley and Boscobel in St. Mary totalling 394 solutions
and two Private Facilitation projects at Grantham Meadows and Harmony Hall,
which would yield 224 service lots and 42 bedroom units, respectively.
"A study is also being undertaken on the
more environmentally sensitive Shaw Park project, which when completed, should
result in 1,500 housing solutions," he informed.
Meanwhile, the Minister told the House that the
NHT would be undertaking approximately 3,514 housing solutions over the next
three years within the north coast tourism belt. The Trust will deliver 756 of
these in the 2008/09 financial year and the remainder in the 2009/10 year.
"The agency will act as developer and
joint venture partners and in other capacity as financier and/or marketer,"
he informed.
The Minister also stated that discussions were
advanced on a joint venture project with the National Insurance Fund for the
development of 500 housing solutions at Flat Point, St. Ann.
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