623 New Housing Solutions At Shooters Hill

Construction is to begin by December on 623 new solutions under the Shooter’s Hill Housing Development project in Portmore, St. Catherine at a cost of $7 billion.This is being facilitated through a joint venture agreement between the Housing Agency of Jamaica (HAJ) and Rite Solutions Development Company.Under the public-private partnership, affordable housing solutions, starting at $7.6 million, will be built on 157 acres of elevated land, primarily for low-and middle-income earners.The development is in keeping with measures by the Government to address the deficit of approximately 20,000 housing solutions yearly.Prime Minister, the Most Hon. Andrew Holness, who signed the agreement along with principals of HAJ and Right Solutions at Jamaica House on Thursday (Aug. 8), said the costs of the units to be provided are “fairly reasonable,” especially for young professionals.“I think these are very affordable. I can see the young nurse, the young policeman, the young university graduate immediately just waiting to get one of these (units).“I want them to know, those persons who are leaving university, a year or two out of university, getting themselves settled, that the Government understands. We know what your ambitions are and we are putting in place the necessary programmes to allow you to achieve your goal of owning your own home,” he said.The Prime Minister noted that the lowering of the interest rates to zero for National Housing Trust (NHT) contributors, who earn $15,000 or less per week, has increased demand for housing.“We have made the market bigger and now we are…ensuring that we are actually putting solutions on the market,” he said.For his part, HAJ Chairman, Norman Brown, said that Shooter’s Hill “with its elevated location, panoramic views and gentle breeze, will undoubtedly add a new dimension to HAJ’s suite of housing projects in Portmore for which the market eagerly awaits.”“We fully expect this project to be completed on time and within budget as this is the standard we have set for ourselves,” he added.In his remarks, Attorney-at-law and General Counsel, Rite Solutions, Christopher Honeywell, hailed the partnership with the HAJ “in the provision of affordable and good quality housing solutions.”He noted that Cabinet was instrumental in providing the guidance and leadership that went into the structuring of the joint venture agreement, “which ensured a speedy, and efficient take off” of the project.The Shooter’s Hill Housing Development, which is to be done on a phased basis over a three-year period, will be a gated community featuring communal play areas, commercial space and a police post. Phase one will have the lower priced solutions, while phase two will have solutions with higher prices and more upscale finishes.With lot sizes ranging from 4,000 square feet to 6,500 square feet, the development will comprise 100 one-bedroom starter units at a cost of $7.6 million; 200 two-bedrooms, one bathroom for $11.5 million to $12.5 million; 220 two-bedrooms, two bathrooms ranging from $13.5 million to $14.5 million; and 103 three bedroom split-level units at $17.5 million.There will be water storage on site, and each unit will have a solar water heater.This public-private partnership entails the ‘design, build and finance’ model, where the HAJ puts up the land as equity along with its technical, legal and marketing skills, and the partner will design, build and finance the development, which the HAJ will sell and share the profits. This is being facilitated through a joint venture agreement between the Housing Agency of Jamaica (HAJ) and Rite Solutions Development Company. Construction is to begin by December on 623 new solutions under the Shooter’s Hill Housing Development project in Portmore, St. Catherine at a cost of $7 billion. Story Highlights Under the public-private partnership, affordable housing solutions, starting at $7.6 million, will be built on 157 acres of elevated land, primarily for low-and middle-income earners. read more

New technology produces DRI from oolitic iron ores

first_imgIn 2011, Ironstone Resources contracted Hatch to develop a commercial process to extract iron from its Clear Hills iron and vanadium deposit located in the Peace River area of northwest Alberta, and to produce a direct-reduced iron (DRI) product for use as an iron feedstock for steelmaking. Clear Hills is one of the largest iron deposits of its kind in the world: 560 Mt with an average Fe content of 33.3%, and 2,500 Mt of vanadium pentoxide.Oolite is a sedimentary rock formed from ooids—spherical or egg-like particles with concentric layers.The project presents significant challenges, since no existing commercial technology is capable of economically processing oolitic-limonitic deposits, because of their high silica and phosphorus levels.In response, Hatch developed a novel iron-reduction process—the Hatch–Ironstone Chloride Segregation process (HICS). There will be considerable global interest in the development of this commercial pyrometallurgical process, since it could enable recovery of about 300,000 Mt represented by the world’s top 15 deposits of this type of ore.HICS has been demonstrated at the laboratory scale (3 kg/h), showing that the process is capable of producing commercial-quality DRI containing 90% Fe, 0.12% P, 0.3% C from Clear Hills oolitic iron ores containing 0.75% P and 25–30% Si. Metallising to such a high degree and reducing phosphorous to acceptable levels are clear differentiators of HICS versus other commercial processes.A conceptual economics study based upon the laboratory continuous tests is under way.The innovative new HICS process, being developed at the Clear Hills deposit in northwest Alberta, is expected to enable 300,000 Mt of iron production from similar deposits at 15 sites around the world. Hatch and Ironstone have worked closely with to define the commercial flowsheet for HICS. Hatch and FLSmidth plan to complete a second continuous pilot plant test to provide essential engineering information required as input for a decision to construct a demonstration plant at or near the Clear Hills site.last_img read more