The much-anticipated Duran Farm housing project in Port Moresby is gaining momentum with construction work beginning in earnest to complete the 5000 houses.
Although the installation of water, power, sanitation and other service lines remains outstanding, Housing Minister Paul Isikiel thanked Prime Minister Peter O’Neill for the Government’s K7 million in the 2017 budget.
He said this amount had been designated to fund the vital services in the housing project.
Isikiel said more than 6000 successful applications had been received and processed pending the service arrangement before funds were released to the bank.
“I assure all applicants that finally the Government funds are now made available to ease drawdown of loans with the bank,” he said.
“For those awaiting titles, it’s a good Christmas present.
“The long-awaited asset register is now finalised.
“It is still in draft form pending further additional data after almost 25 years in waiting.
“The first day I came into office, one of my key priorities is the asset register.
“Now I can do business and move NHC (National Housing Corporation) forward with the vital data on the full stock of housing available in the country.”
Isikiel said 2016 has been a challenging year for all stakeholders but he remained optimistic of better things in the new year.