CBZ begins $12 million housing project in Victoria Falls

Servicing of roads and sewer infrastructure under the CBZ Holdings $12 million housing project in Victoria Falls has started with the financial institution saying actual work on housing structures will start in March next year.

The bank unveiled a $12 million housing project in the resort town targeting close to 1 174 residential stands as part of its efforts to complement Government’s efforts to provide houses to low income earners. Of these about 1 008 will be high density and the remaining 166 stands being medium density housing in line with the financial institution’s strategy to deliver low cost housing.

The housing project covers the Buffer Zone between Mkhosana and Chinotimba suburbs as well as along Victoria Falls-Kazungula Road and south of Mkhosana.CBZ Holdings chief executive Mr Never Nyemudzo led a team from the bank on a tour of the project last week accompanied by municipality housing director Mr Lot Siatimbula.

He said all the stands had been taken and the bank was now working on mortgages for beneficiaries who will soon be announced once the process is completed,

We came to assess progress to see how far we have gone with roads, sewer and water and to see how many people from the waiting list have been forwarded to the bank. I am glad to announce that all stands have been taken up. When we launched in July we made some promises and we can only achieve these by monitoring progress. So far tremendous progress has been made as we have opened roads everywhere and out of the 15km we are supposed to do, 8km has been worked on.

The roads have been surfaced with the first two bases before the final surface.

More: Chronicle

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