Housing Ministry Allocates Millions For HDC, Tobago Projects And Mall Repairs

The Ministry of Housing is allocating hundreds of millions of dollars to support the operations of the Housing Development Corporation, advance infrastructure works in Tobago and address repairs at malls under the Port of Spain Shopping Complex Limited.

Housing Minister Dr David Lee outlined the priorities during Day 4 of the Standing Finance Committee, indicating that a portion of the funding will be used to support the HDC’s salary expenses, including a monthly subvention.

“The $731,739,800 that is being allocated to HDC, out of that figure, Chairman, there’s a subvention, a monthly subvention, that HDC gets to support some of their salaries. And the member is aware that: 2.7 million. So 2.7 million by 12 is 32.4 million that comes out of this allocation of 731 to help pay salaries in HDC.”