On Monday 21, Venezuelan Ministry of Housing and Habitat and Chinese Citic Group signed an agreement to build 20,000 houses in Venezuela that will be finished by 2008.

The Venezuelan Minister of Housing and Habitat, Ramón Carrizales, and the Vice-president of the Chinese Ciatic Group, Liang Chuanxin, signed an agreement that will offer housing solutions to Venezuelan people, informed the Ministry of Housing and Habitat (Minvih). Carrizales informed that 945 million euros were invested in this agreement, and Venezuela will finance 25 percent while the other 75 percent will be financed by the Chinese part.

“The main idea is to build small towns in several regions of the country as well as in the satellite towns near Caracas to ease the overpopulation problem in the Metropolitan Area.” Furthermore, he explained this agreement establishes that 80 percent of the workers hired for the development of the project must be Venezuelans.

Liang Chuanxin informed that this is the first agreement signed by China and Venezuela in this area involving the Venezuelan Ministry of Housing and Habitat and the Chinese company Citic.

Furthermore, he said this agreement is part of the revive union between both countries, according to the cooperation agreements already signed and the new ones that will be signed during the Presidential official visit to China.

The Economic Advisor to the Chinese Embassy in Venezuela, Gu Naiyi, said he was satisfied for this first agreement signed. “Above and beyond the economic commitment, we are supporting the social work of the Venezuelan Government to satisfy the people“, he said.


Bolivarian News Agency / Ministry of Communication and Information