The government has backtracked on plans to launch the dualisation of the Beitbridge-Harare-Chirundu. The $2.7 billion project was supposed to have been launched last month. However, Transport and Infrastructure Development Minister, Joram Gumbo, has said that the government is no rush to start the project, citing bureaucratic challenges.
Said Gumbo to the Financial Gazette:
The project cannot be rushed. A project of this magnitude involves a lot of complex processes that cannot be completed overnight.
For example, some of the processes involve the Reserve Bank of Zimbabwe, an institution with its own way of doing things. We also need to open bank accounts at the same time giving ear to our financial advisors on the proper route to take.
It is almost a year since the government entered into an agreement with a Chinese contractor to dualise the highway on a 25-year Build Operate and Transfer (BOT) model.
More: Financial Gazette
Joram Macdonald Gumbo is a Zimbabwean politician who is a member of the ZANU-PF party. Gumbo is the Minister of Energy and Power Development. He is the Member of parliament for Mberengwa West Constituency. Gumbo was re-elected in the 2018 harmonized election after getting 10... Read More About Joram Gumbo
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe