Sealing the Deal: Exciting New Partnerships with Top Contracting Companies
September 9, 2024 Catherine Williams - Chief EditorNews
Social Housing Policy in Burundi: A New Era for Affordable Housing
The Ministry of Infrastructure, Equipment and Social Housing (MIELS) has signed contracts with three selected real estate development companies for joint housing construction.
The Ministry of Infrastructure, Equipment and Social Housing (MIELS) has signed contracts with three selected real estate development companies for joint housing construction. The work was initially set to start with the dry season of 2023, but due to unforeseen delays, the contracts were signed on Friday, August 30, 2024.
According to Mr. Dieudonné Dukundane, the Minister of Infrastructure, the selected companies have shown their commitment and ability to produce the expected results. The companies are: Ubaka Nation Group for construction in Izege; NBCO/H&D International real estate development and Inspire Design Studio for joint housing construction in Socarti.
Evolution of the Social Housing Policy
Minister Dukundane announced that these contracts will allow the companies to start the first construction activities in September 2024. The companies have been in contact with financing institutions, which have confirmed their availability and willingness to support the program.
The national social housing policy was adopted on June 7, 2023, by the council of ministers, with the aim of reducing the cost of plots and rents, ensuring that viable land is available, and favoring high-rise construction on less fertile sites to preserve agricultural spaces.
The policy aims to build 33,000 houses every year, which would increase the country’s urbanization rate from 14% to 40% by 2040. About 50,000 people have registered to apply for social housing, especially in the municipality of Bujumbura.
On the Socarti site, 1,600 flats would be built as social housing, marking a significant step towards providing affordable housing to the people of Burundi.
Social Housing Policy in Burundi: A New Era for Affordable Housing
The Ministry of Infrastructure, Equipment and Social Housing (MIELS) has signed contracts with three selected real estate development companies for joint housing construction.
The Ministry of Infrastructure, Equipment and Social Housing (MIELS) has signed contracts with three selected real estate development companies for joint housing construction. The work was initially set to start with the dry season of 2023, but due to unforeseen delays, the contracts were signed on Friday, August 30, 2024.
According to Mr. Dieudonné Dukundane, the Minister of Infrastructure, the selected companies have shown their commitment and ability to produce the expected results. The companies are: Ubaka Nation Group for construction in Izege; NBCO/H&D International real estate development and Inspire Design Studio for joint housing construction in Socarti.
Evolution of the Social Housing Policy
Minister Dukundane announced that these contracts will allow the companies to start the first construction activities in September 2024. The companies have been in contact with financing institutions, which have confirmed their availability and willingness to support the program.
The national social housing policy was adopted on June 7, 2023, by the council of ministers, with the aim of reducing the cost of plots and rents, ensuring that viable land is available, and favoring high-rise construction on less fertile sites to preserve agricultural spaces.
The policy aims to build 33,000 houses every year, which would increase the country’s urbanization rate from 14% to 40% by 2040. About 50,000 people have registered to apply for social housing, especially in the municipality of Bujumbura.
On the Socarti site, 1,600 flats would be built as social housing, marking a significant step towards providing affordable housing to the people of Burundi.