Cuba Gov. to Finance Some Building Materials to Victims of “Irma”

Photo: Juan Suarez

HAVANA TIMES  – The Cuban government will finance the purchase of some construction materials that will be sold to the victims whose homes were totally or partially destroyed by Hurricane Irma, reports dpa news.

The State Budget will finance 50 percent of the price of the materials while the other part will be covered by bank loans with low interest rates and longer payment terms.

In cases of a total collapse of housing, the Cuban state will assume the payment of bank interest, published the official newspaper “Granma.”

What the government did not clarify is when there will be availability of construction materials, well below pre-hurricane demand, and whether they will keep their high prices relative to the salary or pension of most Cubans (between US $10 and US $25).

The sale of construction materials to the victims will have four forms of payment: in cash, on terms, bank credit and through the granting of a subsidy, Interior Minister Mary Blanca Ortega announced.

In Havana alone, Hurricane “Irma” caused damage to some 4 288 homes, of which 157 suffered a total collapse of the structure and 986 were partially damaged, according to the Municipal Defense Council.

The damage in the capital, when the center of the hurricane was nearly 100 miles away, is a reflection of the general state of housing.

As it passed through the northern part of the island “Irma” left 10 people dead and caused huge material damages that have not yet been quantified. The provinces where the hurricane hit the hardest were Camaguey, Ciego de Avila, Sancti Spiritus, Villa Clara and Matanzas.

Cuban authorities mobilized the Armed Forces to clean the streets and collect debris, while brigades of electricians moved to the most affected provinces to restore basic services such as electricity and telephones.

11 thoughts on “Cuba Gov. to Finance Some Building Materials to Victims of “Irma”

  • October 2, 2017 at 2:03 pm

    While the Blockade doesn’t prevent the importation of building material completely, it does stifle it which in turn makes it much more costly for Cuba..As far as repression by the Cuban government towards its citizen, I am not in agreement with you completely… First of all, All governments in every country of the world have some from of repression including the United States… Some are high up on the scale of repression while others are on the the lower scale.. Evidence and facts show that Cuba is on the lower scale…

  • September 23, 2017 at 12:16 am

    No country needs monopolies like home depot, walmart, staples, amazon, and so on. These monopolies concentrate the wealth of americans into a very few hands. All the wealth of the country goes to 1-10% of the population, everyone else gets the scraps. Monopolies also control u.s. politics. For many decades now americans have not been able to make decisions concerning their jobs, their wages, their schools or in many other areas because monopolies are forcing and deceiving americans into supporting their interests solely. Monopoly interests = profits above everything else.

  • September 20, 2017 at 7:58 am

    Thanks Donald T. for clarifying that for us, NOT!

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