Times Of Swaziland: E40M PROJECT AT NGWENYA APPROVED

E40M PROJECT AT NGWENYA APPROVED
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Stanley Khumalo on 03/10/2019 08:10:00


MBABANE – A development project with an estimated capital investment of E40
million and envisaged to bring over 500 employment opportunities at Ngwenya, has
been given the green light.
The Administrator of Mchalageni Development Company, Sanele Zwane, said when the
project started, they sought the approval of the human settlement department to
allow the 415 plots up for sale, to have title deeds. Zwane said the department
had approved their request and the company shall host a meeting next week
Saturday (October 12, 2019) to alert property owners of the development. The
company shall be developing Sibonelo Township on Remainder of Portion 8 Farm
Droxford Estate No 1007, Ngwenya. The site overlooks the Ngwenya Border Gate,
linking the country and South Africa.
The administrator said they had already sold 60 per cent of the 415 residential
plots. These plots, according to Zwane were sold at E35 per square metre. On
average, he said the plots were pegged at 1 000 m2 while about 10 of the plots
shall measure 4 000m2. However, Zwane said, Mchalageni Development Company had
engaged services of a property evaluator to establish the current market price
of the 40 per cent plots that were still available on the market.
Render
Given the approval from the Human Settlement Authority, Zwane said, the
construction industry now had an opportunity to render their services to assist
in developing the area. These opportunities lie in the construction of a road
network and development of a shopping complex. “The purpose of the development
is to formalise the existing township and provide the necessary
infrastructure,” he said. Zwane said his company had already recruited two
project managers. One will focus on the development of the township while the
other project manager will monitor the construction of the shopping complex.
On the development of the township, Zwane said, there were 415 title deed plots
that shall be offered to the public.