Jamaica: NHT to Spend $39.4 Billion on housing solutions

During the new fiscal year, the NHT plans to undertake 8,640 housing starts and complete 4,714.

2024-07-07 15:03:03

The National Housing Trust (NHT) is to spend $39.4 billion on housing activities for the 2019/20 fiscal year.

This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the 2019/20 Budget Debate in the House of Representatives on Thursday (March 7).

During the new fiscal year, the NHT plans to undertake 8,640 housing starts and complete 4,714.

In addition, Dr. Clarke informed that the National Water Commission (NWC) is to spend $7.2 billion in planned capital expenditure.

The funds will be used to pursue rehabilitation of the water and sewerage infrastructure, to reduce non-revenue water and improve service.

Dr. Clarke also informed that the Port Authority of Jamaica will spend $4.4 billion in the 2019/20 fiscal year, to continue projects aimed at facilitating economic growth and development, as well as enhanced security at the ports.

Monika Walker

Monika Walker is an experienced journalist specializing in global political developments and international relations. With a keen eye for accuracy and analysis, Monika has been reporting for over a decade, bringing stories to light that matter to readers around the world. She holds a degree in International Journalism and is passionate about giving a voice to underrepresented communities through factual reporting.