The government says it will continue to pursue public private partnerships (PPPs) in leveraging resources for delivery of low cost housing and social amenities in line with the national housing delivery programme (2014 – 2018).
Officiating at the handover of high to medium density residential stands serviced by a local bank in Victoria Falls’ Mukosana buffer area, the Deputy Minister of Local Government, Public Works and National Housing, Cde Christopher Chingosho (in red tie on the picture) said there is need for both the government and the private sector to accelerate the roll out of housing projects and funding initiatives to meet the targets.
“We have a daunting housing backlog of 1.25 million units and we believe that public private partnerships are critical in delivery of housing,” he said.
CBZ Group CEO, Mr Never Nyemudzo said the financial institution stands ready to assist the government in the quest to achieve robust housing delivery.
Victoria Falls Mayor, Sifiso Mpofu described the handover of the 1309 high and medium density stands as a milestone for the resort town.
The housing project commenced in September 2016 when the financial institution acquired the land from the Victoria Falls town council.
Beneficiaries of the project which has since been sold out, include the formally and informally employed.