Gov't, Herzog sign contract to complete St Catherine and St James housing projects
The housing projects in Bernard Lodge, St Catherine, and at Green Pond, St James, are set for completion, following two Public-Private Partnership Agreements signed between the Government and Herzog Jamaica Limited.
The agreements are for the design, finance and construction of the projects, to be done in phases.
Speaking at the signing ceremony yesterday, Minister of Transport, Works and Housing, Dr Omar Davies, said measures have been taken to ensure that prices remain close to the original agreements signed some two years ago.
He says the depositors who did not withdraw their funds will be accommodated at the originally stated sale price, but with a five per cent escalation for Bernard Lodge.
Under the new agreements, 67 one bedroom units and 276 studios will be built at Bernard Lodge, in the first phase.
At Green Pond, 194 one bedroom houses, 85 two bedrooms and 45 serviced lots will be delivered in the first phase of the project.