WINDHOEK, June 15 (Xinhua) -- Namibia's National Housing Enterprise (NHE) will embark on a new housing development project across the country aimed at constructing 335 houses in seven towns.
The houses, mostly for low and middle income earners, will be constructed through NHE's Public-Private Partnership (PPP) construction model, famously known as Request for Funding Proposal (RFP), NHE spokesperson, Eric Libongani confirmed to Xinhua on Monday.
Libongani told Xinhua that the RFP is restricted to Namibian registered companies and possible joint ventures between international Namibian registered companies and local small and medium enterprises are encouraged.
"The reason for that is because the model requires the contractor to have full capital and technical capacity to deliver the project on completion and get paid only after the houses are sold by NHE to its clients," he said.
According to NHE, the current PPP projects will commence in July and are part of the enterprise's on-going efforts to empower Namibians through the provision of affordable and quality housing while continuing to fulfill its mandate.
Meanwhile, the NHE said the project launched on June 12, is estimated to the value of 124 million Namibia dollars (about 7.3 million U.S. dollars) and under the arrangement, NHE avails land for construction and the final products are sold to customers on the NHE's waiting list. Enditem