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US$2 million pledged towards new homes project in Antigua-Barbuda
Published on July 24, 2014 Email To Friend    Print Version

new_homes.jpg
Prime Minister Gaston Browne and Antiguan investment consultant Mr Bustany, Yida Zhang and a member of his team

ST JOHN’S, Antigua -- On Monday, Antigua and Barbuda Prime Minister Gaston Browne received a pledge of US$2 million dollars from the head of the YIDA Group, to go towards getting a project to complete construction of 500 homes in 500 days started.

“One of the requirements to get the project going is seed money, or start-up funds,” Browne has said.

The money pledged will be transferred to a special account shortly.

In order to complete the architectural renderings, receive the approvals from the Development Control Authority (DCA), prepare the sites, and to start the foundations of the homes, a sum of at least EC$8 million is required. The contribution of US$2 million by the YIDA Group brings the pledge to build 500 homes one step closer to reality.

The YIDA Group is planning to invest US $200 million each year for the next ten years in Antigua and Barbuda, for a grand total of US$2 billion. The YIDA Group will develop Guiana Island and its surrounding acreage as soon as the final step is taken to transfer ownership from Asian Village Antigua Ltd. The YIDA Group is eager to get started and sought additional reassurances from the prime minister during the discussions on Monday.
 
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Comments:

CJ:

Dont be too quick to go ahead with this development how long the previous government was sitting on it I know mr prime minister you are eager to make this happen have town halls type meetings with the people and these soon to be developers the Chinese are not known to adhere to environmental rules once the place is there's no telling them what to do.

I say again do not throw caution to the wind. Really take your time to ponder hold these meetings as an Antiguan I would like to see those meetings being held

The people put your party in power the people need a say in what goes on in their back yard.Mr Prime minister you do not want this to come back and bite us all.

CJ:

Dont be too quick to go ahead with this development how long the previous government was sitting on it I know mr prime minister you are eager to make this happen have town halls type meetings with the people and these soon to be developers the Chines are not known to adhere to environmental rules once the place is there's no telling them what to do.

I say again do not throw caution to the wind. Really take your time to ponder hold these meetings as an Antiguan I would like to see those meetings being held

The people put your party in power the people need a say in what goes on in their back yard.Mr Prime minister you do not want this to come back and bite us all.


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