News / Local
Zim to rope in an Austrian financier for the Hre-Byo dualisation project
08 Nov 2011 at 01:26hrs | Views
Sunday Mail reported that government is close to roping in an Austrian financier, Geiger International, for the Harare Bulawayo dualisation project after falling out with a local consortium, Zimhighways Consortium, that was seeking a consession to begin works on the project.
Parties that have been named to be involved in the envisaged deal, which will assume a public private sector partnership are the Zimbabwe National Roads Administration, Murray & Roberts and Geiger International.
The deal is estimated to be worth around $1.4 billion.
Meanwhile, government has undertaken to provide a suitable environment for local construction companies that intend to import construction related equipment.
Deputy Minister of Transport, Communications and Infrastructure Development Tichaona Mudzingwa said his ministry appreciated the problems faced by the construction sector and would facilitate the importing of critical equipment.
He cited as an example the ongoing rehabilitation of the arare-Masvingo road near the Mukuvisi bridge which was taken up as a government project after the local sector showed apathy towards the project.
Parties that have been named to be involved in the envisaged deal, which will assume a public private sector partnership are the Zimbabwe National Roads Administration, Murray & Roberts and Geiger International.
The deal is estimated to be worth around $1.4 billion.
Deputy Minister of Transport, Communications and Infrastructure Development Tichaona Mudzingwa said his ministry appreciated the problems faced by the construction sector and would facilitate the importing of critical equipment.
He cited as an example the ongoing rehabilitation of the arare-Masvingo road near the Mukuvisi bridge which was taken up as a government project after the local sector showed apathy towards the project.
Source - Byo24News
