A US$71.7m housing contract signed in May between the HDC and a Chinese firm has been cancelled.
The contract with China Gezhouba Group International Engineering Company Limited, was supposed to produce 5000 apartment units across Trinidad starting with a first phase over a two year period.
Initially, 204 units were to be constructed at South Quay, Port of Spain and 235 at Lady Hailes Avenue, San Fernando.
Prime Minister Dr Keith Rowley, speaking during today’s Post Cabinet Media Briefing, says the State disapproved of parts of the contract.
During the signing ceremony in May, Housing Minister Edmund Dillon noted that it was “a defining moment for the housing construction industry in Trinidad and Tobago”.