PESHAWAR: An agreement between the government of Pakistan, SHS Holdings and The United Nations Office for Project Services (UNOPS) will see at least 500,000 affordable homes built in Pakistan over the next 10 years.
The agreement is the latest in UNOPS Social Impact Investment Initiative (S3I), which will also see similar projects delivered in the Caribbean, Ghana, India and Kenya.
“This groundbreaking housing initiative is not just a regular project but a massive undertaking that has my full support, and will undoubtedly change for the better the lives of millions of people,” said Pakistan’s Prime Minister Imran Khan. All of the new affordable homes built will include some of the latest renewable energy and disease preventative technology – including solar panel roofs, waste-to-energy technology and mosquito-repelling coatings.
“We are delighted to support Pakistan’s aspirations to build more affordable homes through our S3I initiative,” said UNOPS Deputy Executive Director, Vitaly Vanshelboim. “Delivering half a million homes anywhere is a colossal task, but I am certain that through this new agreement, we will help deliver for the people of Pakistan.”
As part of the agreement, the government will provide land and basic infrastructure including sewage, electricity and water connections. UNOPS and SHS will establish a framework to manage financial aspects, and ensure project activities are timely, efficient and maintain relevant quality standards. SHS will supply proprietary state of the art technology as well as oversee the development of housing.
“This agreement will spur the development of Pakistan with as many as 78 industries benefiting directly or indirectly. The people, especially the poor, will have a first in their lifetime opportunity to own a home. The social impact of this programme will be enormously positive,” said Pakistan’s Secretary of Housing, Dr Imran Zaib.
“SHS is truly excited to be associated with this far-reaching initiative. We will spare no effort to deliver for the people of Pakistan and surpass their expectations and honour their right to have a safe roof over their heads and own a piece of their land,” said SHS Holdings CEO, Noel Lyons. Construction dates will be set once a feasibility study has been completed jointly with the government of Pakistan