Monday, February 12, 2007

DID YOU KNOW?

Out of the 22 000 houses Housing Minister Lindiwe Sisulu promised to build by July 2006 as part of the N2 Gateway Project, only 2 000 have actually been built to date.

Further, due to poor planning, those units that have been built are 40m², rather than the 30m² allowed by the Treasury. The consequence has been massive over-runs.

The projected cost per unit before construction was R80 000; once construction had started, however, it was established that the units would cost R120 000 each.

By mid-2006 there was an expenditure over-run of some R35 million.