Banks snub Gweru housing project

Mayor Hamutendi Kombayi said that banks have shunned developing housing stands in the new Mkoba 21 housing scheme in Gweru and added that they would engage other private developers.

According to the Newsday, the project has 6 900 residential stands with 1 000 reserved for workers at the local authority.

Council intends to offer private developers land to service stands and sell them at affordable prices while the municipality services a few stands.

The cash-strapped local authority is finding it difficult to complete other pending projects like sewer rehabilitation, pothole patching and installing solar traffic lights among others.