By Foibe Paavo
WALVIS BAY, July 21 – The chairperson of the Walvis Bay town council, Richard Hoaeb, has tabled a capital budget of N$551 million which will cover two years.
Hoeb said of the N$551 million, N$257 million will be for the year ending June 2023 and the remaining N$294 million will cover the year ending June 2024.
He said capital projects budgeted for during the year ending June 2023 are land development Projects worth N$106 million are planned with N$29 million set aside for the development of Farm 37.
The anticipated development of portion 10 will yield 238 erven of which 202 will be residential and that of portion 11 will produce 489 erven of which 475 erven will be residential.
Hoaeb said N$14 million has been budgeted for the development of Meersig extension 13 which is expected to yield 96 erven of which 86 will be residential.
At least N$28 million has been budgeted for, extension 8 (phase 1) in Naraville to yield 81 erven of which 71 are residential, while N$4 million and N$5 million are for extension 11 (Shack Dwellers Federation) and erf 4171 Kuisebmond respectively. The remaining N$26 million is for new extensions.
Service delivery was allocated N$43 million while N$33 million will be allocated to infrastructure repair and replacement, involving tarring of streets, resealing and rebuilding of streets and intersections.
At least N$20 million has been set aside for social projects, including upgrading of Ekutu (Stalls on Erf 3994), Naraville Cemetery, and Kuisebmond soccer stadium while N$53 million is for vehicle replacements and additions.
“I, therefore, urge all stakeholders to obtain your copies from our offices for your perusal and records,” said Hoaeb.
He further estimated the expected revenue for the new financial year at about N$563 million and expected Expenditure has also been recorded at N$563 million.
Meanwhile, the estimated depreciation alone as a non-cash expenditure for the year ending June 2023 is estimated at N$ 101 million.
Hoaeb highlighted that about 68% of total estimated revenue comes from utility and related service charges like water sales, property rates and taxes, refuse removal and sanitation services.
He added that considering the average inflation rate of 4.56% over the period of two years, it is prudent to adjust the utility services tariffs by 3% for water and related services and 5% for refuse removal services and sanitation services.
