The Ministry of Works and Housing says Quarm-LMI Consortium has been selected as the preferred developer to complete the Saglemi Housing project in the Greater Accra Region.
This follows the conclusion of negotiations and the receipt of a report on negotiations from a government team comprising representatives of the Ministry of Works and Housing, Office of the Attorney General & Ministry of Justice, Ministry of Finance and Deloitte, with technical evaluation support from the Ghana Institute of Surveyors.
A statement from the ministry said bids from Quarm-LMI Consortium and Broll Ghana had been shortlisted from an initial five consortium consisting of LMI, with interests in industrial park development and real estate, and QUARM with expertise in Logistics, Utilities and Finance.
The developer will now be formally procured to complete the 1,506 Saglemi housing units, which will then be sold to the general public, with a focus on salaried employees and workers’ unions.
“For the avoidance of doubt, the Ministry reiterates that the Saglemi project has not been sold to the private developer. The developer has been selected to finance and complete the project. Both the government and the developer will recover their investments when the project is completed.”
The statement also quoted the Minister for Works and Housing, Kojo Oppong Nkrumah, as promising to provide further updates as the project progresses.
