Nkurenkuru PPP housing on track
Nkurenkuru town council CEO Petrus Sindimba says despite the current economic downturn the council's public-private partnerships for the servicing of land and construction of houses are well on track.
Sindimba says several housing projects are under way at the Kavango West regional capital, and a number of houses have been handed over to their new owners already.
He says over the years the Nkurenkuru council has been servicing land on its own, which it then allocates to developers to build houses.
“In terms of servicing plots and the construction of houses in Nkurenkuru, a lot has been happening as we have quite a number of projects that are ongoing. I must say that the projects are well on track although challenges do arise here and there,” Sindimba says.
Labour Investment, which was allocated 81 serviced plots in Extension 2 to develop, has built 44 houses which were recently handed over to the buyers. The second phase of the project is now under way.
Another housing project is a joint venture between Lithon and Kaupa, who were allocated 30 plots to develop at Kahenge, where 15 houses were recently handed over.
Former President Hifikepunye Pohamba officially handed over the completed houses on 26 June.
Tropical Investment was allocated 10 plots to develop, on which four houses have been completed.
Sindimba also talked about the council's partnership with the Development Bank of Namibia (DBN) to service 327 plots at the town's Extension 6.
Sindimba said the deal was recently approved by the urban and rural development ministry.
“We have received ministerial approval to enter into a PPP with DBN and service the 327 plots at Extension 6. We have the land and the funding is now secured, all we are waiting for is the administrative work and then the project will kick off,” Sindimba said.
Sindimba stressed that it is not a loan that they have secured from DBN but a partnership where the bank will provide the funding and upon the sale of houses the partners will recoup what they have invested.
Sindimba said public-private partnerships are a good model for local authorities, especially the smaller towns and those with financial constraints.
Sindimba appealed to investors to invest in Nkurenkuru, but expressed dismay about those who made proposals to the local authority and never followed up.
“As much as we welcome investors to the town, I must say there are those who come with brilliant presentations, but when you follow up on them, they would give you all sorts of excuses and that is a waste of time. We need investors, but only those who are serious about assisting us in developing Nkurenkuru,” he said.
KENYA KAMBOWE
Sindimba says several housing projects are under way at the Kavango West regional capital, and a number of houses have been handed over to their new owners already.
He says over the years the Nkurenkuru council has been servicing land on its own, which it then allocates to developers to build houses.
“In terms of servicing plots and the construction of houses in Nkurenkuru, a lot has been happening as we have quite a number of projects that are ongoing. I must say that the projects are well on track although challenges do arise here and there,” Sindimba says.
Labour Investment, which was allocated 81 serviced plots in Extension 2 to develop, has built 44 houses which were recently handed over to the buyers. The second phase of the project is now under way.
Another housing project is a joint venture between Lithon and Kaupa, who were allocated 30 plots to develop at Kahenge, where 15 houses were recently handed over.
Former President Hifikepunye Pohamba officially handed over the completed houses on 26 June.
Tropical Investment was allocated 10 plots to develop, on which four houses have been completed.
Sindimba also talked about the council's partnership with the Development Bank of Namibia (DBN) to service 327 plots at the town's Extension 6.
Sindimba said the deal was recently approved by the urban and rural development ministry.
“We have received ministerial approval to enter into a PPP with DBN and service the 327 plots at Extension 6. We have the land and the funding is now secured, all we are waiting for is the administrative work and then the project will kick off,” Sindimba said.
Sindimba stressed that it is not a loan that they have secured from DBN but a partnership where the bank will provide the funding and upon the sale of houses the partners will recoup what they have invested.
Sindimba said public-private partnerships are a good model for local authorities, especially the smaller towns and those with financial constraints.
Sindimba appealed to investors to invest in Nkurenkuru, but expressed dismay about those who made proposals to the local authority and never followed up.
“As much as we welcome investors to the town, I must say there are those who come with brilliant presentations, but when you follow up on them, they would give you all sorts of excuses and that is a waste of time. We need investors, but only those who are serious about assisting us in developing Nkurenkuru,” he said.
KENYA KAMBOWE
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