Business News

Government to Save Billions

The National Government will save up to K200 million on rentals each year once the redevelopment of the MA-REA Haus is completed.

 

The building is currently undergoing refurbishment funded at the cost of over K80 million.

The redevelopment is funded by InterOil’s Infrastructure Tax Credit Scheme.  

 

Formerly known as the Pineapple Building, was built soon after independence by a Chinese company to house government offices.

 

The building was left incomplete and abandoned for over three decades.

 

It left the state no choice but to seek office space elsewhere.

 

The last 15 years, the state spent more than K3 billion on rentals for its offices in private buildings.

               

A spokesperson form the Chief Secretary’s office says the entire building will be housing the Prime Minister’s department and the National Executive Council.

 

It is expected to be completed in February 2015

 

Apart from refurbishing the building, the government is also looking at implementing the National Anti-Corruption Strategy and the development of a National Security Policy.

 

The government’s key priority areas include health, education, infrastructure development, law and order and economy empowerment.

 

So far, the government has implemented the free education policy and is working on rehabilitating all the nationals’ roads like the highlands highway, increase employment for police and give money direct to districts and LLGs.

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