The Government of Liberia and Tecno Construction Ltd in collaboration with UK-based Chaste Mutuah Investment Limited have signed a Memorandum of Understanding for the construction of 10,000 housing units across Liberia.
The Executive Director of the National Investment Commission (NIC) Attorney Molewuleh B. Gray, signed on behalf of the Government of Liberia, while Tecno Construction Administrative-Financial Manager Marco Ridolfi Bizzarri signed for his company.
Mr. Bizzarri says his company along with its partner Chaste Mutual investment was invited by the Government of Liberia to help solve the housing problem faced by Liberians.Speaking at a local hotel in Monrovia, he discloses that Tecno Construction Limited has over 35 years experience in the construction business with certifications from the United States of America and Europe.
He says Tecno Construction is also registered with the Liberian Business Registry and in partnership with a Liberian-based construction firm, Farafina Investment Group Inc. According to him, Farafina Investment Group will be highly relied on in providing local expertise for the construction works as a means of providing jobs for skilled Liberians.
Farafina Investment Group Vice President and General Manager, Beni Diogo Kouyate, notes that as a local partner, President George Manneh Weah and Vice president Jewel Howard Taylor recently received the two companies in audience to discuss details of the housing units that will benefits thousands of Liberians.
Mr. Kouyate adds that they also held fruitful discussions with the Minister of State Minister for Presidential Affairs Nathaniel McGill and received assurance of government’s full support.For his part, Chief Executive Officer and Managing Director of Chaste Mutual Investment Limited of UK and Nigeria, Dr. Ayo Olatunde says his company will fund construction of the housing units in the next three years.
He notes that more African countries are faced with housing problems and Liberia is no exception, adding that they are here to partner with Tecno Construction and Farafina Investment Group in making sure the Government of Liberia’s quest to provide affordable housing to Liberians becomes a reality.
–Editing by Jonathan Browne