20 April 2010

Angola: Govt Announces New Agreements for Construction of Houses

Luanda — The general director of the National Housing Institute (INH), Eugénio Correia, announced this Tuesday in Luanda the signing of new agreements with contractors, soon, under the National Urbanisation and Housing Programme.

Speaking to ANGOP, that source of the Ministry of Urbanisation and Construction said that the ministry received a list to sign new protocols in the real estate sector.

"We have a list for the signing of new accords with more than six companies", he stressed, having added that these actions will continue as the processes start receiving the proper technical treatment.

Eugénio Correia explained that the contracts essentially aim at equipping private partners with an official document to justify, with financial institutions, the intention of requesting a financing.

The UNH director mentioned the importance of the agreements since they boost the process of building one million houses within the years 2008 and 2012, a goal which according to him can be achieved with the participation of the private sector and of the population.

That source said that the programme will be mainly implemented in Luanda, in the districts of Viana, Cacuaco, Samba and Kilamba Kiaxi, sites with the land reserves.

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