The Government will soon be implementing multiple infrastructure projects with expenditure of up to one hundred million dollars.
Total additional investments in construction are expected to amount to at least two hundred and ninety six point eight million dollars.
Prime Minister of Dominica, Honourable Roosevelt Skerrit stated that the Government has placed priority on reviving the local economy with focus placed on sectors such as construction.
“We are putting plans and policies in place to stimulate other sectors of the economy, especially in the construction sector, which will positively impact employment. Through construction, several related businesses like hardware stores, transportation services and professional services for supervision will grow, thus providing companies an incentive to keep their current workforce and creating new opportunities. We have also launched a registration drive for contractors and artisans and a form can be completed on the government website at www.dominica.gov.dm, for that purpose,” he noted.
For many, their disposable incomes will rise and lead to higher expenditures. Indeed, this strategy is tried and tested. Following the devastation of Hurricane Maria, the Government was able to successfully jump start the economy through the commencement of numerous large infrastructure projects.
The Governments will be making numerous investments in construction to facilitate cash flow in the various communities around the island. Minister Skerrit says small local contractors will engaged on these projects.
“We will also be implementing multiple infrastructure projects with expenditure of up to 100 million dollars. Total additional investments in construction are expected to amount to at least $296.8 million. We are excited that these projects will be felt in every corner of this country. For example, there will be at least one road project in each constituency. Local contractors will be engaged which will ensure job creation and the circulation of money in the community, while contributing to the improvement of the aesthetics of our communities. Government will also pay small contractors and merchants with amounts owed of $100,000 and less in the coming days, utilizing the resources approved by the IMF under the Rapid Credit Facility (RCF). The intention is that small contractors will be in a position to resume work on small projects and complete these works in the coming weeks and months. Being mindful of the approaching hurricane season, Government will also continue its aggressive housing programme and accelerate it where possible,” PM Skerrit further explained.