A NEW satellite town will be built in the National Capital District, the first by the National Housing Corporation (NHC) in 30 years.
The NHC announced on Tuesday that it had engaged a Malaysian company Axis Identity Group to build more than 2,000 units of residences in the first two years on Portion 2221, behind Port Moresby, stretching to Morata and the Moitaka Wildlife station adjacent to Jackson International Airport.
NHC managing director Tarcissius Mauganaua announced the joint venture deal saying that NHC is building the country’s future with hi-tech materials and the cutting edge design houses with the most modern and high specifications.
NHC’s directive for improving the livelihoods of our people.
According to NHC, the Axis Identity Group is a development partner which was recently involved with the construction of Dubai.
Mr Mauganaua said the new township would be sited on 244ha of land, which had already been security.
Axis Identity Group executive director Jacob Cheong said at the official MoU signing on Tuesday that they needed much support as possible to speed up the process so that work could start immediately.
The project will include malls, hotels, recreational facilities and quality security for the specified area.
The company is aiming to erect 1,000 units of residence in the first and second years of operation.
Mr Mauganaua also stated that the plan was beneficial and that major stake holders such as PNG Power and the NCDC building board needed to be involved as they played a vital role in ensuring the proper planning of the city and the vital services that were needed to further the