Prime Minister and Minister for Finance Roosevelt Skerrit has announced a $104 million loan from the World Bank for the expansion of the government’s housing programme.
“In our furtherance of our efforts to house the nation we successfully negotiated a financial package with the World Bank to the tune of $104 million,” Skerrit said.
He said there is no doubt that this substantial sum of $104 million will cater for a significant number of families.
According to Skerrit, thus far his government has established the Project Implementation Unit and commenced public consultation both of which are pre-requisites to the implementation of the project.
He thanked the World Bank for partnering with the government.
The prime minister said the government has also given the Dominica Social Security (DSS) the green light to proceed with the use of their lands located at Warner for the development of a gated community to cater for young professionals, the middle class and Dominicans in the Diaspora.
“This housing development is open to the private sector and any other investor to partner with the DSS to make this a reality,” he stated.
Skerrit said this is a huge opportunity for persons on island and others in the diaspora.