Cemex delivers 640 new homes as part of Colombian affordable housing initiative

Cemex announced Tuesday that it has completed 640 apartments in Colombia as part of a 3000-unit urbanisation project being undertaken by the company in collaboration with the country's government.

The full project comprises 3,000 apartments divided into 96 towers of four stories each. The complexes will include recreational and green areas. The paving for the complex will be done with concrete also provided by Cemex.

Colombian Housing Minister Luis Felipe Henao was present to inaugurate the homes at an event also attended by Cemex executives and other government representatives and members of the local community. Many of the recipients of the new homes are low-income families that have not had access to an affordable home in the past.

 “The houses we are delivering in Monteria are dignified, comfortable, and high-quality homes like every needy Colombian deserves,” said Minister Henao. “In this way, the national government is supporting social investment so that more low-income families can have dignified housing.”

On 7 April 2014, Cemex subsidiary Cemex Latam Holdings announced it expects to participate in the construction of approximately 12,000 sustainable housing units in Latin America during 2014, as part of its continuous effort to strengthen its solutions based commercial offer.