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CABINET NOTES: The Cabinet agreed to a hearing from a local investment group that had permission to commence a housing project 25 years ago in 1998. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES.
The land that was assigned to the group has been partially occupied by private citizens. The group failed to perform back then. In 2015, the group sought to renew the Agreement under the condition that it would forfeit the land on which private citizens have built homes. Without the resources, the investment group again failed to perform.
The investment group has now returned to Cabinet indicating that it can raise the resources to commence performance within three months.
The Cabinet has allowed the group six months within which to show evidence of access to the capital. Although 25 years have passed since the initial promise to commence this project, the Cabinet continues to show faith in the local investment group whose principals expressed their thankfulness.
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