NSSF Partner
The
USD 450m project in which the fund expects to partner with Ilala
Municipal Council and Symmetric Link of Malaysia is scheduled for
completion in 2013.
According to the fund’s senior investment officer, Salvatory Hinju at least 30 acres of land have been acquired for the project.
“It is a huge investment which once completed will be more than the Mlimani City mall and is expected to improve the skyline of Dar es Salaam,” he said.
Under
the plan, Hinju said, the fund is going to construct three high rise
office towers, a three storey shopping mall, recreation park, cinema
centre and three residential towers with apartments to cater across
three different segments of the population (to be sold to interested
individuals).
The
project’s initial study, according to him, shows that the low cost
apartments will comprise 480 units in a 15 storey building, 1,165 units
in a 25 storey medium cost apartments and 604 units in a 30 storey
building for luxury apartments.
Apart
from residential houses, he said, the business complex will comprise
shopping malls, supermarkets, banks, a five star hotel and a three star
hotel.
He
said a block will be constructed to accommodate about 300 inhabitants
of the Ilala Municipal Council houses located in the project area to
give room for demolition.
These
will be given preferential rates to buy apartments in the block and
those who will opt to just be tenants will pay rent at an affordable
rate, he said.
The
Mchikichini project is one among the fund’s many investment projects
that will not only serve as the fund’s source of income, but will also
create employment and help solve the city’s housing crisis, he added.
Project Management
To
ensure that the project is implemented successfully, firms and
organizations that are properly qualified and experienced will be
engaged for their respective services by the Development Company.
The Developer will engage a Project Management Company to undertake the Management, Planning and Architectural Design, Civil and Structural Engineering Design, Contract Administration professional services.
Supporting Professional Services
A qualified Project Management firm will be engaged to provide the overall project management services, and this will be supported by sub-professionals for providing the relevant professional services.
The Scope of Work shall be assigned to the various professionals as follows:
Planning and Architecture - PAKATAN AKITEK SDN BHD
Civil & Structural Engineering - JURUTERA PERUNDING ZAABA
Mechanical & Electrical Eng - MEGAJATI CONSULT
Quantity Surveyors - DMA Quantity Surveyors
All the companies listed above have undertaken similar and larger projects internationally. They will also be required to associate with respective local (Tanzanian) firms to ensure that local conditions and coordination with local authorities and related parties are executed efficiently.
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