Grenada Construction Sector receives stimulus package from Government

Nov. 18, 2010 - PRLog -- • 50% reduction in the VAT on selected construction inputs for the next 6 months commencing October 1st 2010 and ending on March 31st 2011; the inputs are: Steel, Cement, Roofing and Lumber.

• Reduction of terminal dues by 50% by the Grenada Ports Authority on the importation of sand. The reduction is intended to be passed on to the consumer.

• The creation of sand depots in critical locations around the country to reduce transportation costs for construction works in these communities from 2011.

These measures are intended to reduce the cost of construction.
For more information on constructions costs in Grenada visit http://www.buildgrenada.com/costs.shtml

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