UNOPS 100,000 Affordable Housing Project Takes Off Tomorrow
Vice President Dr. Mahamudu Bawumia
The United Nations Office of Project Services (UNOPS) and SHS 100,000 affordable housing project is expected to be launched tomorrow, August 28, 2019, at Amasaman District One Site.
Vice President Dr. Mahamudu Bawumia is to officially commission the project.
The project is worth about $5 billion.
UNOPS recently rolled out a $15 billion project to construct affordable houses in some countries in Africa, Asia and the Caribbean.
Ghana and Kenya are the beneficiary countries from Africa while India will also benefit from the project in Asia.
Ghana, with an estimated housing deficit of over two million, which is projected to increase to 2.2 million in a few years, will receive $5 billion to construct about 100,000 affordable houses.
UNOPS is working in partnership with Sustainable Housing Solutions (SHS) to roll out the project which comes under the Sustainable Development Goals (SDGs) of the United Nations (UN).
The partnership would see UNOPS and SHS delivering 260,000 plus high-quality affordable homes across the selected countries.
UNOPS said recently that “the project will provide thousands of job opportunities for local communities, and the opportunities include projects in construction and renewable energy sectors.”
Ghana’s agreement was signed in September 2018 in New York, US, on the sidelines of the UN General Assembly which was witnessed by President Akufo-Addo.
The new partnership will also explore new opportunities in the renewable market, with UNOPS expected to work with MYRA-SHS Energy, a subsidiary of SHS, which focuses on investments in renewable energy projects and associated infrastructure.
It’s the latest step in the UNOPS Social Impact Investing Initiative (S3I), which aims to attract financing from the private sector to develop projects in emerging markets.
The technology is earthquake and hurricane resistant and constituent with the utilization of renewable energy and non-toxic insect-repellent properties.
The concept aims at providing a ‘turn-key solution’ to reduce the current shortfall of tens of millions of decent dwellings.
BY Melvin Tarlue