Enugu, China in N11bn housing pact

0
2530

mass-housingIn its effort to provide housing for all, the Enugu State government has teamed up with a firm FIT Consult Ltd for the development of New Independence Layout in the Enugu metropolis.

The project, expected to gulp N11 billion, is to be undertaken by the Shenyang Yuanda Commercial Company Ltd, a Chinese firm. The new estate would also take the pattern of Chinese housing estates known as the Heliu Residences.

Facilities to be enjoyed in the estate include 24 hour water supply, 24 hour security, serviced plots, paved roads, street lights, recreation club, shopping mall, sidewalks and parks.

The state Commissioner for Lands and Urban Development, Hon. Solomon Onah told reporters at the presentation of the housing project that such estate has not been developed anywhere in the Southeast.

Onah noted that since the creation of Enugu state 25 years ago, no new area has been developed in a proper manner, with full modern facilities until now.

He explained that the Heliu Residences at the New Independence Layout is to be constructed in partnership with a consortium of local and international companies led by FIT Consult Limited.

He threw some light on the project, saying, “This is a Public-Private partnership, where the state government is contributing the land required, while the consortium will develop the infrastructure, so that the serviced plots can be made available for individual development. The estimated total cost of infrastructure is about N3.5billion and we hope that the much needed revenue the state seeks will come from the sales of the plots while providing job opportunities for our teeming youths.”

Presenting the specifics of the project, the managing partner of the FIT Consult Limited, Chief Loretta Aniagolu explained that FIT Consult and its consortium would provide financing to construct the infrastructure and houses.

She said that total estimated infrastructure cost is N3.5billion while estimated housing construction cost is N7.5billion. She further explained that only single family or twin family duplexes and bungalows are permitted and not exceeding two floors of ground and first.

According to Aniagolu, a plot of land at the estate is obtainable at between N9.5million and N10billion and allocation is within 10 working days of down payment while the certificate of occupancy is obtained within 14 working days of payment of statutory fees.

“All home construction must commence by March 2017 and money back guarantee of infrastructure not provided by March 2017,” stressed Aniagolu.

The Chinese managing partner, Xin Jiang Johnny in his contribution said the estate is in two sections. One will be fully developed by the consortium while the other to be built by individuals but strictly to the specifications.” (The Nation)

Leave a comment