Govt To Invest $264 Million In Housing Construction

5 years agoSat, 22 Dec 2018 06:58:08 GMT
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Govt To Invest $264 Million In Housing Construction

The 2019 Infrastructure Investment Plan, which was drafted by the Ministry of Finance and Economic Development, shows Government will  next year invest $264 million in housing construction.

The document reads:

An amount of $264 million will be invested into the housing sector during 2019, comprising of $192 million in fiscal resources and $71,9 million from the market and public entity contributions. The task of improving inclusive settlement will require investments beyond the capacity of the Budget. In this regard, Government will institute policy interventions that will allow for the development of synergies and participation of all stakeholders, including private sector, employers, citizens and development partners in the provision of shelter.

In Harare, suburbs such as Mbare and Mabvuku are earmarked to benefit from the project, with the local authority set to give priority to high rise structures. Bulawayo has also identified 15 sites where houses will be constructed while Mutare indicated it would conclude site identification this week. In Kwekwe, construction sites for the low income houses have already been identified. Kadoma has set aside at least two farms for the programme.

More: Chronicle

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