Enugu to build N11bn housing layout

Enugu State government in collaboration with a private real estate firm, FIT Consult Limited, is developing a new residential area at the cost over N11 billion as the state clocks 25 years. Addressing journalists in Enugu during the formal presentation of the project at the state secretariat, the Commissioner for Lands and Urban Development, Solomon […]

Enugu State government in collaboration with a private real estate firm, FIT Consult Limited, is developing a new residential area at the cost over N11 billion as the state clocks 25 years.
Addressing journalists in Enugu during the formal presentation of the project at the state secretariat, the Commissioner for Lands and Urban Development, Solomon Onah, said since the creation of the state on August 27, 1991, no new area had been developed in a proper manner with full modern facilities until the present project.
Located on over 132 hectares in the hill-and-valley part of the New Independence Layout, along the Enugu-Port Harcourt expressway, in Enugu South Local Government Area of the state, Onah said the project, named “HELIU Residences” was a public-private partnership arrangement in which government would contribute the land required, while the consortium, FIT Consult Ltd, will develop the infrastructure, so that the serviced plots could be made available for individual development.
Onah said the estimated total cost of infrastructure was about N3.5 billion, and expressed optimism that the much needed revenue the state needed would come from the sales of plots, while providing job opportunities for the teeming youth in the state.
“Enugu State will soon become a giant construction work yard that will certainly bear a new face lift within the next 24 months,” he said.
The chief executive officer of FIT Consult Ltd, Chief Loretta Aniagolu, who gave an insight into the project, said her company and its consortium would provide financing to construct the infrastructure and houses which were estimated to cost N3.5 billion and N7.5 billion respectively.
She said the Chinese construction giant, Yuanda Enterprise Group, was already in the state to commence work on the project site, adding that about 500 houses would fill the 500 plots but insisted that where a developer failed to develop the land on or before March 2017, government would revoke the land and refund the person’s money.
While explaining that the HELIU Residences would also have commercial areas, Aniagolu further said that only single family or twin duplexes/bungalows of not more than two floors, including the ground floor would be built in the new layout under the Public Private Partnership (PPP) arrangement.