New feasibility study for Beitbridge industrial park project

The Zimbabwe Investment Authority (ZIA) will carry out another feasibility study on land earmarked for the construction of an industrial park 5km from the border of Zimbabwe and South Africa in Beitbridge.

The investment authority has been looking for partnerships to develop the land but with the coming of special economic zones, new ideas have been mooted thereby rendering the first feasibility study outdated.

ZIA chief executive Richard Mbaiwa yesterday said a lot of investors had expressed interest in the project but no concrete bids had been made so far.

The Beitbridge Industrial Park project was started in 1998 by the then EPZ Authority, which later merged with Zimbabwe Investment Authority to form ZIA.

According to the scope of the project, the development of the park is to be done in four phases covering a total of 42 hectares.

First phase covering 10 hectares has been partly developed and some of the structures are being leased out to tenants.