News / National
Treasury has pledged $338 000 for Incubation Centre construction
22 May 2016 at 07:06hrs | Views
The Treasury has reportedly pledged $338 000 for incubation centre construction in the country.
Speaking in parliament the minister of Small and Meduim Enterprises and Cooperative Development Sithembiso Nyoni said the Ministry received two batches of equipment from India in 2015, the first batch of five containers was received in March 2015 and the second batch in May 2015.
"Operationalisation of the Incubation Centre gained momentum during the past year, with all 25 sets of machinery received from India," she said.
"The department of Public Works was engaged to start construction works on site. However, work stopped towards the end of the year as the project ran out of money. I am happy to report that Treasury has pledged $338 000 so that construction work can resume. However, cash support has been inconsistent.
We are projecting that the construction will be completed by end of December 2016."
Speaking in parliament the minister of Small and Meduim Enterprises and Cooperative Development Sithembiso Nyoni said the Ministry received two batches of equipment from India in 2015, the first batch of five containers was received in March 2015 and the second batch in May 2015.
"The department of Public Works was engaged to start construction works on site. However, work stopped towards the end of the year as the project ran out of money. I am happy to report that Treasury has pledged $338 000 so that construction work can resume. However, cash support has been inconsistent.
We are projecting that the construction will be completed by end of December 2016."
Source - Byo24News
