Grenada to receive Chinese-built houses

ST GEORGE'S (CMC):

Grenada
has signed an agreement with a Chinese company for the construction of
over 2,000 middle-income housing units over the next five years. Social
Development and Housing Minister Delma Thomas has signed a memorandum of
understanding (MoU) with Chinese real estate, construction and
development company, Gao Zhen. The company proposes to construct
high-quality, storm and earthquake-safe, affordable houses in Grenada on
a build-and-transfer basis; and commits to the construction of a
minimum of 500 units in the first year and an additional 500 units for
the next five years, without any capital input from the Grenada
government or the Housing Authority of Grenada.