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Part of Chinese loan to Harare goes missing

by Staff reporter
12 Aug 2015 at 07:32hrs | Views

Harare mayor Bernard Manyenyeni has alleged $3 million is missing from the $144 million Chinese loan extended for the refurbishment of Morton Jaffray waterworks, saying investigations should be carried out to determine how the money disappeared.

This came as the Chinese company refurbishing the plant complained to Local Government minister Saviour Kasukuwere that out of the $144 million, they had only been given $72 million, slowing progress of the project.

Speaking during Kasukuwere's familiarization tour of Morton Jaffray yesterday, Manyenyeni said contractors were given $69 million, hence the need to account for the remaining $3 million.

He argued that the amount pumped into the project and work on the ground were not tallying.

Source - newsday
More on: #China