According to a statement from the provincial government, to which VerAngola had access, the project is called 'Bela Vista Saurimo' and will be built in the Candembe neighbourhood, in an area of 144,000 square metres.
In a first phase, the project will comprise a total of 289 T3, T4 and T5 residences, as well as restaurant services, 30 shops, children's playground, daycare centers, banks, leisure spaces, sports fields, among others.
The note states that "private investment is estimated at more than 10 billion dollars" and that "its construction will guarantee more than a thousand jobs for young people from Saurimo and beyond".
It is estimated that the first phase of the project will be concluded in 18 months, followed by the second phase, which foresees the construction of more than 1000 homes in the same location.
Cited in the note, the person in charge of the project, Su Guang Yong, informed that the company plans to build, in Lunda Sul, more than 1000 residences with a view to strengthening the housing sector in the province.
The official explained that the houses will be sold resolutely, at a value that will vary between 50 to 80 million kwanzas, "through housing credit with Sol and Caixa Angola banks, with the first 50 customers having a 10 percent discount" .
Already governor of Lunda Sul, Daniel Félix Neto - who was present at the act of laying the first stone, which took place this Monday - considered that the project will translate into added value as it will respond to the "dream of home ownership" .
He also informed that the province is ready to receive more investments directed to other essential areas, in addition to housing.
"The execution of the housing project works will provide a considerable number of jobs for young people in the Saurimo municipality", added the official, quoted in the note.