THE Block 9 Endowment Trust housing development of business partners Sylvanus Kathindi and Sebby Kankondi at Swakopmund handed over service infrastructure worth N$56 million to the coastal town’s municipality on Friday.
The service infrastructure was completed over a period of seven months since April on a 14 500 square metres plot which Block 9 bought from the municipality for N$14 million.
The plot will be developed into 112 mixed-use erven, for residential, general business and institutional use.
According to Kathindi, 80 erven have already been sold.
Swakopmund constituency councillor Juuso Kambueshe and urban development deputy minister Derek Klazen said the development was key to socio-economic growth and the important role the private sector plays in assisting governments, through local authorities, in providing much-needed services.
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