THE Ongos Valley Development project, which aims to build 30 000 houses on the outskirts of Havana informal settlement in Windhoek, was officially launched.
The ambitious project, which was also a part of the just ended Economic summit, is the brainchild of Reafon Graig who registered the project six years ago.
Speaking at the launch, Graig stated that the Ongos Valley is a project for Namibians by Namibians, and will see the erection of houses over 1 743 hectares of land.
Graig stated that currently the city has a demand of 5 000 housing units per annum and Ongos valley project with a total of N$4.3 billion invested from multiple financiers aims to fill the shortfall of affordable housing in the city.
The project investors include, the Development Bank of Namibia (DBN), Absa, Nedbank and Standard Bank.
He stated phase one of the project will see the construction of 4500 houses from 2019- 2023 and will see 4000 permanent jobs created.
Also speaking at the launch of the project, Vice President Nangolo Mbumba noted that urban land and housing shortage is a reality today in most major cities throughout Namibia.
He added that this multifaceted problem is characterized by various aspects such as the lack of serviced land in urban townships, limited financial resources, excess housing demand, and the huge housing backlog of about 110 000 housing units, as identified by the National Housing Enterprise in it’s 2017/18 to 2023 strategic plan.
The vice president said that in line with the City of Windhoek, the northwest quadrant is the direction in which the city will have to expand, which is directed within the area of the Ongos valley development.
Mbumba further stated this project which is completely private will change the face of Windhoek’s residential landscape by providing a feasible housing solution to the ever growing urban population and will also benefit constituencies surrounding the development namely, John A Pandeni, Katutura central, Katutura East, Khomasdal, Moses //Garoeb, Samora Machel, and Tobias Hainyeko through direct economic spinoffs by way of job creation, new road networks, sewage and water reticulation networks, electricity systems, commercial and institutional developments, including new health care facilities and a police station.