OVER E300M NEEDED TO COMPLETE 416 CIVIL SERVANTS’ FLATS

MBABANE – About E300 million is needed to complete close to 420 civil servants’ houses in the educational sector before the end of this year.

This was confirmed by the Swaziland National Housing Board (SNHB) Chief Executive Officer (CEO) Mduduzi Dlamini yesterday during a tour of flats constructed by the board.

These flats are part of the Institutional Housing Project, which started in 2014.
Dlamini said SNHB was in the process of constructing 26 blocks of flats, with each having eight units. This translates to 208 units that could be shared by 416 civil servants.

Needed

He said the Board needed more than the E300 million to cater for other government ministries like the Defence and Health.
Dlamini stated that they had still not acquired the millions needed to finance the major project but they had a government guarantee of E1 billion and had already spent E700 million in constructing flats for the Swaziland Royal Police Service, His Majesty’s Correctional Services and the Swaziland National Fire and Emergency Services.
“We are still talking to a number of prospective financers. We obviously prefer local institutions because the project is meant to stimulate the economy.”
Dlamini said giving preference to local financers would stimulate economic activity and create jobs.
He said it was up to the financers where they sourced the money but their interest was in engaging the locals. Further, he said they had engaged local asset managers for the project while hinting that they had already begun planning for phase II of the project.

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