JOINT VENTURE PROJECTS

The present joint venture policy is based on the following premises:

• The major role of the reconstituted NHC of providing and facilitating the provision of housing and other buildings to the general public, as articulated in Act No. 2 of 1990.
• The Government Circular No. 1 of 1992 which requires public enterprises to operate commercially in order to be self-sustaining.
• The Corporation’s limited financial capacity that does not allow it to comfortable contributes to each of the projects.


OBJECTIVE

• Correlative to the above premises, the objective of the joint venture policy therefore, is to provide quantum conditions that are explicit, transparent, attractive to prospective investors and beneficial to NHC. The obligations and rights of each partner are set forth in this context.

PROCEDURES

The following steps are followed in entering into venture partnership with the corporation:

• Advertisement
• Application
• Formal invitation of Partner(s)
• Submission of the Proposal.
• Scrutiny and Approval of the Proposal.
• Ratification of Agreement.




TERMS AND CONDITIONS


* For more information (Click Here)