Last update: 09-Dec-2013 11:04 am
Monday, December 09, 2013
Trinidad & Tobago Guardian Online
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Seven-year NIB/Nipdec Riverwoods housing project: 62 units still to be repaired
While 85 families could finally breathe a sigh of relief on receiving keys to their Riverwoods homes, 62 potential residents are still left waiting indefinitely.
As far back as 2006, purchasers have been waiting patiently to move into their homes. Some minor progress has been made after seven years. For the last two years, the Business Guardian has consistently reported on the Riverwoods development in D’Abadie that remains unfinished for reasons unclear.
Out of a total of 147 units in the four-phase project, the 85 delivered were done in parts. In 2012, only five families got the keys to their homes.
Once again, the project is on hold.
Financier of the project, the National Insurance Board of T&T (NIB), and the National Insurance Property Development Company Ltd (Nipdec), the developer of the Riverwoods housing project, gave several reasons for the delay after much prompting.
A resident who wanted to remain anonymous said the main reason for the current delay is getting a contractor to repair the houses. The resident said the tendering process should have gone out months ago, but was uncertain about the “keep back”. The resident said the 62 undelivered units are in phases three and four.
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