News / National
Harare Residents Trust questions govt over China-Zim deals
24 Jan 2016 at 05:17hrs | Views
Harare Residents Trust has questioned the authenticity of the Zimbabwe China deals which were signed in 2010 in which the money involved was expected to assist the government in its developmental project amid revelations there was alarming water problems faced by the city of Harare.
"In 2010, China and Zimbabwe signed a Memorandum of Understanding for financing projects between the two. Officials from the Ministry of Finance, representatives from China's Eximbank and Sinosure signed the agreement. Sinosure was to provide insurance cover for loans for projects supported by the Eximbank," said the trust. "On March 21, 2011 the former Zimbabwean Vice President Joice Mujuru signed a $144 million USD loan agreement for the development and rehabilitation of water works and sewers in the Zimbabwean capital, Harare. Projects under the loan included construction of 3 new dams, an additional water treatment plant, and refurbishment of existing facilities such as Prince Edward and Morton Jaffray which would increase output to 7-5 megalitres per day."
The trust said now the question is where are the three dams,additional water treatment plant?
"In 2010, China and Zimbabwe signed a Memorandum of Understanding for financing projects between the two. Officials from the Ministry of Finance, representatives from China's Eximbank and Sinosure signed the agreement. Sinosure was to provide insurance cover for loans for projects supported by the Eximbank," said the trust. "On March 21, 2011 the former Zimbabwean Vice President Joice Mujuru signed a $144 million USD loan agreement for the development and rehabilitation of water works and sewers in the Zimbabwean capital, Harare. Projects under the loan included construction of 3 new dams, an additional water treatment plant, and refurbishment of existing facilities such as Prince Edward and Morton Jaffray which would increase output to 7-5 megalitres per day."
The trust said now the question is where are the three dams,additional water treatment plant?
Source - Byo24News
