Lubowa Housing Project design master plan developed by the National Social Security Fund (NSSF) has won the Environmental Sustainability Award at the First East Africa Green Building Conference held in Arusha, Tanzania.
NSSF managing director Richard Byarugaba was pleased the Lubowa Housing project has been recognised, saying: “This award is a testimony of our commitment to champion the use of environmentally friendly technology in all our investments in the real estate sector,” he said.
The Lubowa project is planned as a mixed-use development with residential housing, commercial facilities inclusive of office parks, retail, school, hospital among other developments. The housing units that will be constructed include apartments, bungalows and villas, for middle to high income earners.
The project, which will be developed on the Fund’s 565 acres of land purchased in 2003, will comprise 2,741 houses.
Mr Byarugaba says a master plan for the 565 acres of land and preliminary designs for the 10 residential houses have been developed.
Duration. The project will be implemented in 10 phases, over a period of 10 years.
Financing mode. The Fund will make an initial investment for phase 1, after which the project is expected to be self-financing
SOURCE: Daily Monitor