Riffa Views in pact to boost villa delivery
Manama, November 25, 2009
Riffa Views has signed a revised agreement with contractor PCC-Terna, under which the latter has committed to a villa delivery programme that will complete the handover of Oasis villas to homeowners by mid-2010.
PCC-Terna, a partnership between Terna S.A of Greece and Poullaides Construction of Bahrain, was appointed by Riffa Views at the outset of the project for the construction of 350 villas in the Oasis Estate. Villa delivery at Riffa Views was adversely affected by materials shortages and the global economic slowdown.
To date, 82 villas have been handed over to Riffa Views and the new agreement outlines the schedule of delivery for the remaining villas, which will be handed over to Riffa Views at an average rate of 27 villas per month.
“Regrettably, a number of factors have contributed to delays in the delivery of villas, leading to understandable frustration amongst our homeowners, and we are taking all possible steps to alleviate the effect of the challenges we have been facing in the project,” said Yasser Al-Raee, managing director Riffa Views.
“This agreement is a very positive outcome for all parties. PCC-Terna is reaffirming its full commitment to Riffa Views and to a fixed programme of delivery for completed homes, at the very high levels of quality set at the outset of this project.”
Dimitrios Rammos, PCC-Terna, technical director added: “The agreement provides complete assurance to homeowners that all of our resources and efforts are aligned towards the ultimate goal of completing and delivering all the Oasis villas by mid-2010.”
Construction in Riffa Views continues to progress and 85 per cent of the infrastructure now complete.
To date, 210 villas from all three Signature Estates have been handed over by contractors to Riffa Views, and of these, 99 have either been delivered to homeowners or are ready for occupation.
The remaining 111 villas are currently undergoing commissioning and testing in readiness for handover. – TradeArabia News Service