$2.7 Billion cleared for rehabilitation and construction of several markets

The National Assembly Committee of Supply has approved $2.7 Billion for the upgrade of the Bourda Market, Bourda Green, East La Penitence, Stabroek, and East Ruimveldt markets, as well as supporting the drainage network in the areas.

During the consideration of the Budget estimates, Local Government Minister, Sonia Parag said the works will be implemented under the Georgetown Enhancement Project.

For Bourda Green, she said the government is considering the construction of a two-storey building to better accommodate vendors and offer a more secured environment.

The Minister told the Committee that during earlier consultations with vendors, they indicated that the space was inadequate for them to ply their trade.

“To maximize on the space at the Bourda green and there was a consultation which was held with Vendors of the Bourda Green area, by both the Ministry and the President and the vendors indicate that they want a proper a space to maximize for the Bourda green and to include any other space, we want to see if we can perhaps put a two-story building there to accommodate vendors,” the Minister noted.

In breaking down the $2.7B allocation, the Minister explained that $2 billion will support the development of the drainage network, while $40 million has been set aside for the design and consultancy of the Bourda Green upgrade, and $260 million for phase one construction of this Bourda Green project.

In addition, $50 million has been allocated for the rehabilitation of the East Ruimveldt market, $100 million for the rehabilitation of the East La Penitence market and $200 million for the rehabilitation of Stabroek Market.

Funds are also allocated under the community infrastructure improvement project for the rehabilitation and construction of several markets, including at Port Kaituma, Rose Hall, Mon Repos and Rosignol.

Further, the sum of $800 million has been set aside for the construction of a cultural market at Palmyra, Region Six. That facility is expected to serve as an educational and talent-showcasing hub and provide a safe and inclusive space for families.