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Tuesday, March 27, 2018

$425 million students’ accommodation project commences June | The Times Group

$425 million students’ accommodation project commences June | The Times Group:



$425 million students' accommodation project

commences June

Posted By: William Kumwembe on: March 26, 2018 In: Business No Comments

The first lot of construction works of the students' accommodation in the country's five public

universities by one of the two successful bidders of the project, M and M Consortium, is expected

to commence in June this year.

This follows the signing of an agreement between the firm, the universities, the government and

the Public Private Partnership Commission (PPPC) in Blantyre last week.

The 20,280 bed space hostels for the five campuses are projected at $425 million.

The contractor along with Old Mutual Investment Group, were framed on a Build Operate Transfer

(BOT) protocol for a period of 35 years.





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