The government of Germany has injected €10million grant (Rwf10billion) to kick start the construction of affordable housing units in a sustainable green city project in the city of Kigali.
The Kigali green city project initiated last year and its implementation phase is set to begin this year.
In this grant agreement, the German government today signed 10 million euros (Rwf 10.4 billion) out of the €30million (Rwf 31.2 billion) that was committed in this project in December 2019.
The funding will be used to finance the flagship project for the construction of Green City Kigali pilot phase on 600 hectares in Kinyinya sector, Gasabo district.
In the first phase, at least 1,749 housing units on 18hectares will be constructed in the next five years at an estimated cost of $103.8million (Rwf97.7billion) out of the $1.5 billion needed in the whole first phase in Kinyinya.
The minister of finance said that in order for this phase to be completed it needs more funding and called on the private sector to follow suit by taking on the project funding opportunity.
“This will be replicated for development of green secondary cities at the national level and the houses will benefit citizens to have access to affordable housing,” said Dr. Uzziel Ndagijimana, the Minister of Finance and Economic Planning.
SOURCE: KT PRESS259