News / National
Zimbabwe applies for $153m China EximBank loan
13 Jul 2017 at 07:17hrs | Views
THE Government has made an application for a $153 million loan facility from China EximBank for the upgrade of Harare International Airport.
Harare International Airport, with a passenger capacity of 2,5 million per year was last upgraded in 2001.
Transport and Infrastructure Development Minister Dr Joram Gumbo who is currently in Malaysia on Government business told our correspondernt that all the requirements by the Chinese financial institution had been met.
"We are looking at securing $153 million for the Harare International Airport upgrade from China EximBank. All the applications have since been made and what we are only waiting for is the response from the Chinese bank.
"This loan will be an extension of the Victoria Falls Airport upgrade which the Chinese funded. Therefore, all the requirements as tendered by China EximBank have been met," said Dr Gumbo.
"The loan documents were done and some executives of China EximBank have already visited the country to assess the project," he said.
Harare International Airport is set to join the ranks of Joshua Nkomo International Airport and Victoria Falls International Airport that have been upgraded in the past five years.
Harare International Airport, with a passenger capacity of 2,5 million per year was last upgraded in 2001.
Transport and Infrastructure Development Minister Dr Joram Gumbo who is currently in Malaysia on Government business told our correspondernt that all the requirements by the Chinese financial institution had been met.
"This loan will be an extension of the Victoria Falls Airport upgrade which the Chinese funded. Therefore, all the requirements as tendered by China EximBank have been met," said Dr Gumbo.
"The loan documents were done and some executives of China EximBank have already visited the country to assess the project," he said.
Harare International Airport is set to join the ranks of Joshua Nkomo International Airport and Victoria Falls International Airport that have been upgraded in the past five years.
Source - chronicle
