30 Jan 2014 20:30pm
OSHAKATI, 30 JAN (NAMPA) The construction of the N.dollars 70 million Oshakati open market will be completed in June this year.
The Oshakati Town Councils corporate communication officer, Jackson Muma told members of the media during a familiarisation visit to the project on Thursday the project is fully-funded from the councils coffers.
Progress on the project was slowed down due to budgetary constraints.
The new Oshakati open market is one of the major projects the council is implementing since the 2009/10 financial year to the 2013/14 financial year, Muma noted.
He pointed out that the purpose of the open market is to promote entrepreneurship and allow informal business to be conducted in a conducive environment.
The new open market is expected to boost the local economy as existing and prospective business-minded individuals are expected to take up the opportunity of conducting business in the facility for their businesses to flourish.
According to Muma, the three-phase project is now in its final phase. He added that the old open market can accommodate 300 tenants, while the new market can accommodate 350 vendors.
Muma stated that bus and taxi terminal facilities, which are much-needed to ensure that commuters can make use of public transport in an orderly manner, will also be provided at the new open market.
The open market is designed to accommodate various components such as offices, a craft market and information kiosk, braai and raw meat market, fresh produce section, retail stores, cold storage rooms, public meeting hall, public toilets, seasonal food market and a playground.
It will also include a 37 metre observation tower for visitors who are interested in viewing the town and its surroundings.