P2/Strat.No.15: Waiver of Import Duties to Developers Who Construct Five Houses or More.

P2/St.No.15

Wave

Objective

Intervention

Target Audience

Guidelines and Criteria 

Implementing Agency

Estimated Cost

Overall Beneficiary

Stimulate private sector construction
Encourage home ownership

Waiver of import duties on building materials and fixtures

Developers

Company must be a duly registered business and registered with the Inland Revenue Department (IRD)

Department of Housing and Urban Renewal

$2.5 Million

Developers, business community and local citizens

Status Update

On-Going

[September 30, 2020]

 

The current initiatives to stimulate the economy are on-going. The private sector businesses have displayed immense interest in what is being offered and have taken every opportunity to work with the respective implementing agencies. TEST>

MILESTONES: CONSTRUCTION STIMULUS COMMITTEE

Source: Department of Commerce, Investment Coordinating Unit