The Enugu State Union in South Africa has announced its plans of partnering with a firm to build 10,000housing units in the state. Mike Ugwu, the President of the union said that the green project from South Africa will be able to sustain itself as it will use solar through the stages of construction.
According to him, this will produce an excess generation of electricity, which will be sent to the national grid. He said the proposal was already with the state government, while arrangements were being worked out. The project would be like a village with a school, a hospital and a shopping mall.
Moreover, the investors involved want government’s equity in the project in terms of enabling environment, infrastructure so that finally when preliminary arrangements are finalised, they will come in with their money to build it.
According to the group, the arrangement is that the project will be executed on Build, Operate and Transfer to the state after 10 years. This is however yet to be finalised as discussions are still ongoing.
Ugwu said the union was working hard to ensure that the project takes off soonest. He also said that the union was partnering with the state government in other ventures that would create employment, generate revenue and transfer knowledge to the people.
The project is considered as part of the union’s Diaspora effort to partner with the state government in addressing the housing deficit in Enugu State.
The Diaspora Commission, under the supervisory jurisdiction of the Ministry of Foreign Affairs, has the responsibility to coordinate and organise Nigerians in and from the Diaspora to contribute human capital and material resources, including their expertise, for the development of Nigeria and its constituent states.
- Links: Construction Review
More in NewsRead More »
- Cape Town council approves building of 15 000 houses
- Gruyere construction nearly one-third complete
- 2018 brings new construction business opportunities to KwaZulu-Natal
- Tourism potential spurs new construction opportunities in KwaZulu-Natal
- Kenya: one million low cost houses to be constructed over the next five years