LAHORE: The Punjab government has signed an MoU with Turkey for the construction of 50,000 low-cost houses in the province.
According to the agreement, signed between the Punjab government and a renowned Turkish housing sector institution, the Housing Development Administration Turkey (TOKI) will provide technical assistance to the provincial government for construction of 25,000 houses in 2016 and another 25,000 houses in 2017.
Punjab Chief Minister Shahbaz Sharif was the chief guest at the agreement signing ceremony at Model Town. Provincial Minister for Housing Tanvir Aslam Malik signed the agreement on behalf of the Punjab government while TOKI President Mehmet Ergun Turan on behalf of Turkey. Turk Ambassador in Pakistan S. Babur Girgin was also present.
Talking to the media, Shahbaz Sharif said that the agreement was a welcome step. He said that under the leadership of Turk President Recep Tayyip Erdogan, houses were given to millions of Turk people belonging to low segment and the renowned Turk institution TOKI had constructed about one million houses during the last 15 years and the institution also intended to construct 0.5 million more houses during the next five years.
“Under the model, houses are given on easy instalments. The Turk model is very popular and successful in other countries,” he added.
