1000 homes

Two contracts were signed recently after Gazelle District’s business arm- Gazelle Business Corporation (GBC) - and PNG Power Limited appointed contractors for Karavia 1 to Raburua rural electrification project.

GBC chief executive officer, Jonathon Lundin said the signed memorandum of agreement with PPL is for the 3.1 km HP and 4 km low voltage project.

The development in Port Moresby comes under the country’s First Home Buyers Scheme, giving members of the police force the opportunity to obtain loans to purchase the homes.

The heads of agreement signed today included the National Housing Corporation, the Police Association, Millscope LLC, and the Bank of South Pacific.