Chinese Government provides NAD 72 million grant for Gobabis and Grootfontein Social Housing Project (Linked to Project ID#62070)

On March 29, 2018, during Namibian President Hage Geingob's state visit to China, the two heads of state signed a letter of exchange in which the Chinese Government would finance a social housing project in Gobabis and Grootfontein. According to the Namibian Government's 2019/2020 Annual Report, the project was financed with an NAD 72 million grant (captured in Project ID #62071) and an NAD 60 million interest-free loan (captured in Project ID #62070). The total project cost was NAD 132 million and the investment will be split across the two towns. As of August 2018, The Namibian reported that construction had not started because of "unfinished technical details." In July 2018, Chinese Ambassador Zhang told the same media outlet that Namibia had signed an agreement with China in 2017 to borrow the full NAD 120 million for this project. This claim nor the aforementioned figures are confirmed by any official sources. This purpose of this project is to alleviate desperate housing shortages and involves building 200 affordable housing units in Gobabis and Grootfontein with each house costing close to NAD 300,000.

Additional details

This project is also known as the Gobabis and Grootfontein Housing Construction Project.

Number of official sources

6

Number of total sources

12