The United States to open a credit line of US$400 million dollars for social housing

27 July 2009

Luanda, Angola, 27 July – The United States is to open a credit line for Angola, to the value of US$400 million to support the country’s social housing construction program, said the American ambassador in Luanda.

“Five weeks ago, the United States sent two teams to Angola to promote the new credit line,” said the ambassador Dan Mozena, quoted by Jornal de Angola.

The North American ambassador added that talks were in progress between Washington and Luanda for the Angolan Central Bank and Finance Ministry to benefit from North American technical assistance.

The Angolan government wants to build a million houses over the next four years, to reduce the housing deficit for the poorest sections of its population.

The minister for Urbanization and Environment, José Ferreira, recently said that the construction of 110,000 houses would begin next month, through two public-private partnership projects.

In the first project 10,000 houses should be built in the provinces of Bengo, Luanda, Huíla and Namibe, with the participation of Brazilian construction company Odebrect, and in the second, a partnership from Israeli group “RL”, a further 100,000 houses in the provinces of Bengo, Benguela, Namibe and Malanje, said the government after a meeting with the Comissão Nacional do Programa Habitacional (National Housing Program Commission. (macauhub)