Chinese firm chosen to build 5000 HDC apartment units; POS & San Fernando chosen for Phase 1

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    The conceptual design of Lady Hailes Avenue in San Fernando

    South Quay and Lady Hailes Avenue are the two first areas chosen by Government for an HDC initiative dubbed ‘Project 5000’.

    Cabinet in January approved an agreement for a Chinese Engineering Company to construct 5000 apartment units.

    Both Port of Spain and San Fernando have been chosen for Phase 1 of the project, in which 439 apartment units are expected to be completed in two years.

    Site A at South Quay includes 4 buildings with 204 units, while site B at Lady Hailes will have 5 buildings with 235 units.

    The conceptual design of South Quay

    Speaking at the signing ceremony this morning, Housing Minister Edmund Dillon believes this project will significantly reduce the housing deficit in this country.

     

     

    Phase 1 of the project is expected to cost 71 million US dollars.