The government of Angola has created a public company to manage plots of land with infrastructure and enable a “more rational and economic urbanisation” process in the country, according to a presidential order.
Empresa Gestora de Terrenos Infra-estruturados ( EGTI – Management Company of Infra-structured Land) was established with starting capital of 2 billion kwanzas (US$18.6 million), with headquarters in Luanda.
The creation of this company is explained by the need to “manage wisely the infra-structured land as a public asset so as to ensure people’s welfare,” but also “as part of renewal and expansion of cities and rural centres.”
Angola has an ongoing public construction project of urban centres across the country, involving construction of thousands of homes in all 18 provinces, as well as some business parks. (macauhub/AO)