News

Investors keen on building 3,100 houses

HOPE NYOKA, Chipata
CHIPATA City Council (CCC) says four foreign investors have expressed interest in constructing 3,100 houses at a cost of over US$135 million in Chipata.
CCC town clerk Davies Musenge said in an interview recently that the local authority will use the public-private partnership (PPP) initiative to construct 3,100 housing units to ease accommodation challenges the area is grappling with.

Mr Musenge said CCC has proposed a new development plan following the recent declaration of Chipata as a city by the Patriotic Front (PF) administration.

Mr Musenge said the investors that have shown interest in investing in the project are from Botswana, Kenya, Namibia and Zimbabwe.
“Land for the said project has already been secured in Mtenguleni area and investors are already on the ground checking the place,” Mr Musenge said.
He said the project will sit on 300 hectares on the land in question, where 2,000 low, medium and high-cost houses will be built at a cost of US$87.3 million to promote green construction.
Mtenguleni is 22 kilometres away from the central business district, west of Chipata town, which is now faced with high demand for housing units.
Mr Musenge said 1,122 houses will also be built in Chipata-South at a cost of US$49 million comprising low, medium and high-cost houses.
“The local authority is promoting a green economy where an emerging real estate sub-sector is embracing a culture of constructing modern green houses in a sustainable way to mitigate the effects of climate change,” Mr Musenge said.

 

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