By Hileni Nembwaya
A company owned by Chinese millionaire, Jack Huang, has signed a five-year public-private partnership (PPP) with the Ondangwa Town Council to construct 500 low-cost houses.
The agreement was signed last Saturday, and will see Huang’s company, Sun Group International, service the land and construct more than 500 homes for low-income earners at newly established townships in Ondangwa – extensions 32 and 35.
The houses will be constructed on land measuring more than 200 hectares, at a cost of N$200 million.
Ondangwa Town Council Chief Executive Officer, Ismael Namgongo, said that the agreement forms part of the town’s five-year strategic plan, and aims to address the current housing backlog of 4 000 units.
“We are aware that everywhere you go, people have needs. The council is in need of funds, in order to develop the town, and thus the PPP agreement was needed. We want the investors to do thorough research, and find out the rate at which the low-income earners are able to afford houses,” said Namgongo.
He therefore called on private entities that are willing to join hands with the council, to do so, in order to enable the council to develop the town.
Sun Group International General Manager, Zijie Ni, said that the company is committed to providing affordable housing to low-income earners.
“We are committed to the PPP programme that is advocated for by President Hage Geingob, and we are working towards the goal of giving residents in Ondangwa their own houses.
“It’s our first time partnering with Ondangwa, and we hope to have a good working relationship with the council,” said Ni.
H u a n g was recently arrested in connection with a N$3.5 billion tax evasion, f r a u d a n d money laundering case.
He was released on N$1 million bail, after his arrest earlier this year.
Conselect Engineering has also signed a PPP agreement with the Ondangwa Town Council, to service a portion of land measuring 80 hectares, at a cost of N$70 million.
The council’s five-year strategic plan will be linked to national and international development agendas, to ensure alignment and relevance.
An amount in excess of N$200 million is still needed, in order to execute the plan.
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