The Cross River State Government has signed a Memorandum of Understanding with the UACN Property Development Company Plc. for the construction and development of 284 housing units to be known as Golf Estate, in Calabar Cross River State.
Speaking at the ceremony, the States Deputy Governor, Efiok Cobham disclosed that, the signing of the MOU is the second of such partnerships between the Cross River State government and the private sector in its bid to provide first-class housing in the state for its workers.
He noted that, the decision to partner the company to develop the Estate is a wise one and will act as gateway for other joint-venture investments between the two partners, he however enjoined them to deliver as at when expected.
The Managing Director/Chief Executive UPDC Plc., Hakeem Oguniran, promised the construction of the housing units will be completed and delivered on schedule.
The signing of the MOU is the second of such construction of about 2000 housing units for civil servants through mortgage financing by Aso Savings and Loans.