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Riffa Views has announced the signing of a revised agreement with contractor PCC-Terna relating to the completion and delivery of villas within the Oasis section of the Riffa Views development.
Villa delivery at Riffa Views has been adversely affected by materials shortages and the global economic slowdown, but under the terms of the new agreement, PCC-Terna has committed to a villa delivery programme that will complete the handover of Oasis villas to homeowners by mid-2010.
PCC-Terna was appointed by Riffa Views at the outset of the project for the construction of 350 villas in the Oasis Estate.
To date, 82 villas have been handed over to Riffa Views and the new agreement outlines the schedule of delivery for the remaining villas at an average rate of 27 villas per month.
Yasser Al Raee, managing director of Riffa Views, said: "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 problem.
"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's 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."
