Government sets aside $20,3 million for Tokwe-Mukosi

Posted by Tayana

Government has set aside $20,3 million for the completion of outstanding work at Tokwe-Mukosi Dam.

In a statement yesterday, Infrastructure Development Bank of Zimbabwe (IDBZ) chief executive officer, Thomas Sakala said the $20,3m was in addition to the $75m Treasury Bills (TBs) government provided to clear outstanding arrears,

The IDBZ is pleased to advise that the government of Zimbabwe recently released an amount of $20,3 million to the IDBZ to be applied towards completion of outstanding works at the Tokwe-Mukosi Dam. Following the payment of the outstanding dues to Salini, the contractor has engaged to fully re-mobilise and complete outstanding works before the onset of the rainy season. Tokwe-Mukosi Dam will, therefore, be able to impound water starting from the 2016/17 rainy season. Consequently, Zimbabwe will soon begin to derive substantial benefits from the huge investment in this important national asset

More: NewsDay



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