The company TECNO CONSTRUCTION LTD, a company under Liberian law whose parent company, the Italian company TECNO CONSTRUCTION LTD signed on October 11, 2019, with the Republic of Liberia represented by the National Housing Authority, a construction contract for ten thousand (10,000) social housing for a total amount of three hundred fifty-eight million two hundred eighty thousand (358,280,000) dollars.
TECNO CONSTRUCTION LTD will carry out the construction project of 10,000 homes over a period of five (05) year to 2,000 homes per year.
The company Italianconstruction wishes the project to be carried out and financed by IIB Development Group, LLC and signed a contract on 02/24/2020 with IIB-DG. Guarantee Trust Bank(GTB) to provide guarantee to mitigate investment risk.
About IIB-DG Africa
IIB Development is a consortium of US based companies specializing in financing and infrastructure development. IIB Development Group brings together experts in synergistic industries to develop turnkey innovative solutions in infrastructure and development – housing, roads, water and wastewater, energy, railways as well as financing of all these projects.
IIB Development Group is a centre of excellence for financing and infrastructure development at affordable levels using environmentally sustainable approaches, which meet the growing needs of developing countries. IIB-DG offer state of the art, innovative and affordable technology and work with the governments and local partners including where possible, setting up manufacturing plants locally to produce building units for residential and commercial structures.
For over 40 years, DR. Horton, a member of IIB-Development Group has been building, constructing, producing machines and transferring technology to its customers all over the world. DR. Horton is listed in all magazine as the Number #1 Home Builder in America and the world with billion revenues per year.
IIB Development Group is a leading provider of an innovative building system capable to reduce construction time in the high-scale housing projects, thus offering a strong solution in the socio-economic development of emerging markets throughout the world. Building system allows fast, efficient, and large-scale construction through the construction of innovative products and processes.
About Tecno onstruction
Tecno construction LTD, a company incorporated under Liberian law located at MIC Tower, Suite 101-1, Room 2, Ashmum and Buchanam Streets, Monrovia and represented hereby by Mr Leonardo Inghilleri, its duly authorized Director General.
The Guaranty Trust Bank (Liberia) Ltd, a Financial Institution organized and established under the Laws of the Republic of Liberia with its head offices located on the Tubman Boulevard, 13th Street, Sinkor, in the City of Monrovia, Montserrado County Republic of Liberia represented by and thru its Mr. lkenna Anekwe, Managing Director, here after referred to as the« GTBank.
About National Housing Authority
The National Housing Authority, is an agency of the Government of the Republic of Liberia, represented by its Managing Director, Hon. Celia Cuffy-Brown here after referred to as« NHA »
Corporate Affairs and Investor Relations
IIB Development Group