LOCAL CONSTRUCTION COMPANIES GET A BITE OF GOVERNMENT SPENDING
BY KATLEGO RAKOLA
Local youth construction companies, and youth with vocational skills, have benefited from a 15 percent budget provision for maintenance of government facilities, amounting to close to P230 million since its inception. This was said by President of the Republic, Ian Khama, during his last State of the Nation address on November 6th.
Khama said through the 15 percent provision, where the youth companies perform minor maintenance to government facilities, a database of many local companies has been established and they continue to benefit from this program. Currently, there are around 462 companies in government’s database.
“A database of youth contractors is being maintained and shared with stakeholders on a quarterly basis with a view to expose youth contractors to the opportunities,” said Khama.
Still on construction issues, 372 out of 750 Instalment Purchase Scheme (IPS) and Youth Housing units have been awarded to citizen contractors.
Government has also provided P30 million to be loaned to an estimated 500 beneficiaries through the SHHA Home Improvement Loan Scheme. On other construction issues, the Public Officers Housing Initiative has been awarded 465 units, with 258 units already completed, and 207 housing units are at various stages of construction.
Government introduced the Instalment Purchase Scheme (IPS) to promote home ownership amongst citizens who are renting BHC houses.