Ground was broken for the development of a premium residential community at Plantation Ogle, East Coast Demerara yesterday, February 27.
The Windsor Estate development comes with a price tag of $17.3 billion (US$83 million) and is being built, with government support, by developers Navigant Builders Incorporated and the National Industrial & Commercial Investments Limited (NICIL)
The gated community will be on 30 acres of former sugar lands and feature modern designed homes with its commercial zone including amenities such as banks, medical facilities, a shopping, restaurants and a man-made lake to enhance the external aesthetics.
More than eighty per cent of the workers employed to the project will be Guyana, said Head of the Business Development Unit at NICIL, Rachael Henry.
Navigant Builders representative, Mark Thomas, said “This is a tremendous opportunity for me and the Navigant Builders family since we will be embarking on another incredible journey from our flagship project Windsor Estate which is located on the East Bank. The project is expected to be a hallmark and cornerstone in Guyana’s progressive development, especially with the growing oil and gas sector.”
Public Health Minister, Volda Lawrence noted that the project will be on par with other gated communities around the world. “The choice of Ogle is strategic and feasible because of the presence of the Eugene F. Correia International Airport. And also, because we will be inviting persons to come, to live and enjoy a commodity which we cannot bottle but which is in much demand across the world – I speak of the fresh air you breathe.”
The Windsor Estates is the third major development for Ogle in recent times following that of a Marriott-branded and last week’s US$100 million Hilton hotel project sod turning.
At the time of the Hilton groundbreaking, Finance Minister Winston Jordan said “Guyana is open of business. Locals and foreigners alike are our partners for development…The tourism and hospitality sector is a key area in our government’s ambitious drive for economic diversification so we will continue to harness and promote its potential.”