World Bank Receives EU Grant for Jamaica Reconstruction Project
What happened
The World Bank received a US$5 million grant from the European Union for the National Reconstruction Implementation Support Project in New Kingston. Prime Minister Dr Andrew Holness defended the government's $1.2 billion expenditure on building foundations for semi-permanent container houses, arguing that the high cost ensures resilience against hurricanes. The government has issued contracts exceeding $1.2 billion to build approximately 2,500 units.
From jamaica-gleaner.com
Why it matters
The grant supports reconstruction and housing initiatives in Jamaica. The government's large spending on housing foundations is facing public criticism over the high price tag of the site preparations.
From jamaica-gleaner.com
Who's involved
- World BankReceived the grant from the European Union for the National Reconstruction Implementation Support Project.
- JamaicaThe location of the reconstruction project and the country whose government is defending the high housing costs.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JamaicaSpeculative
The government's contracts for housing bases might affect construction costs and job creation in the country.
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The entities involved
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World Bank
international financial institution
Related events
- FAO is urging the World Bank to join a financing effort and calling for contributions from private foundations and governments.
- A World Bank loan has been secured to finance the CBRT project.
- The federal government has partnered with the World Bank.
- Projects are being executed under a programme sponsored by the World Bank, involving a state government.
- The World Bank is supporting the DARES programme in partnership with the federal government.