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UNITED
CARIBBEAN -
Economic Reconstruction & Restoration of Grenada, Carriacou and Petit
Martinique
Natural
disasters are costing governments throughout the world unprecedented amounts
of money for relief aid and repairs to property. The damage from Hurricane
George was estimated to be hundreds of millions of dollars, primarily
in Puerto Rico, and including Antigua, Barbuda, St. Kitts and Nevis. In
Central America, Honduras was seeking $4 billion dollars in aid to rebuild
in the wake of Hurricane Mitch and Nicaragua required in excess of $2
billion in aid from global donor countries.
Following
Hurricane Ivan, initial estimates of damages to the Tri Island State of
Grenada, Carriacou and Petite Martinique were in excess of US$800 million.
Reconstruction efforts must be carried out professionally and responsibly.
Integral to the Caribbean’s disaster management
challenges are the large numbers of the population who live in areas prone
to natural disasters; much, however, can be done to minimize property
damages from weather events.
One solution to the problems plaguing the building industry
in the Caribbean region – primarily, vulnerability to the forces
of nature, including hurricanes, earthquakes, termites, rot and fire-
is the utilization of alternative building systems engineered to withstand
nature’s forces. Another issue for homeowners is the cost of insurance,
as insurance costs have sky-rocketed in areas hit by Hurricanes Luis,
Marilyn, Bertha, George and Mitch. As a result of these weather events,
many homeowners have been unable to insure their homes; Ivan will most
likely leave many insurance companies bankrupted.
Upper end homes, with larger budgets for construction,
have been built to withstand some of the forces of nature. Middle income
homes tend to be built to a lesser standard, due to budget constraints,
and therefore, this sector appears to suffer the most damage. Those who
could least afford it, are usually those most seriously impacted by tropical
storms.
One
solution to the aforementioned challenges, is The Building System, an
alternative housing solution that has been engineered to withstand hurricanes,
and can be used for a broad spectrum of housing needs, from low-income
housing to luxury vacation homes.
Additionally, several insurance companies throughout the
Caribbean have introduced reducing rates for homes that meet engineering
standards for hurricane resistance.
The
Building System can be used to build homes at a cost slightly less than
conventional masonry homes built to an equivalent engineering standard
and is insurer- friendly.
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