Delta State Government yesterday signed a Memorandum of Understanding (MoU) with a private firm, KYC Inter Project Limited, for the provision of housing units for residents in the state.
The over 100,000 housing units is worth about N270 billion, and would be delivered in phases under a Public Private Partnership (PPP) arrangement, with the state government providing 3,000 hectares of land and access road while the partnering firm would provide the total funding.
In the first phase of the project, 300 units are expected to be delivered by October next year, basically for civil servants as principal beneficiaries.
The MoU was signed by the Secretary to the State Government, Patrick Ukah; Head of Service, Reginald Bayoko; and Attorney General, Isaiah Bozimo, on behalf of the government while Managing Director of KYC, Michael Ayuba Auta signed for the company.
Speaking shortly after signing, Mr. Ukah described it as another milestone of the Governor Ifeanyi Okowa-led administration in it’s determination to provide affordable housing for the people.Ukah disclosed that the government has already secured the land in Okpanam and Issele-Asagba for the project.
He insisted that the funding of the project would be the sole responsibility of the partnering firm, expressing joy that when it comes on stream, it would not be taking more than ten minutes for civil servants to resume work in their offices from the residential estate.
