Arusha 16-storey project set to start

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A joint venture project between the Pan African Postal Union and the Tanzania Communications Regulatory Commission is set to boost the fledging real estate sector in Arusha

Three years ago the cost of the project was estimated at $ 20m, but the organisation’s officials declined to discuss the matter yesterday on grounds that the figure must have changed. “We have some funds, but the project is now being evaluated afresh. After that we can have a rough idea on the cost,” said Kolawole Aduloju, Papu assistant secretary general. He affirmed to the The Citizen that the investment house project will be undertaken jointly with TCRA. ”Funds generated will help sustain the organization, among others,” he said. The building will be constructed at a plot where Papu has its current head offices at Phillips area near Mt Meru Hotel along the Arusha-Moshi road. He added that the proposed structure would have conference facilities, serving the continental body revenues spent on hiring halls whenever it hosts meetings.

Arusha 16-storey project set to start

What you need to know:

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