Home News Mthuli Allocates ZWL$31bln For Road Development

Mthuli Allocates ZWL$31bln For Road Development

464
0

The Minister of Finance and Economic Development Professor Mthuli Ncube has allocated ZWL$31.6 billion towards the development of roads in the country.

Speaking during the 2021 budget presentation in the capital today, Professor Ncube said of the amount, significant resources will go towards the Harare Beitbridge Project, consistent with the target to complete an additional 200km in 2021 that should enable overall completion of the project in 2022.

“Consistent with the NDS1, investments under the Road Development
Programme will be prioritised in 2021, with overall support towards the
roads sub-sector amounting to ZWL$31.6 billion, comprising of fiscal
resources (ZWL$24.1 billion), Road Fund interventions (ZWL$6 billion)
and development partner support (ZWL$629 million).

“Other regional trunk road projects, implemented through the Department
of Roads, have an allocation of ZWL$1.7 billion, targeting decongestion
of three main urban roads (Mbudzi Overpass Detours, Lomagundi Road
and Esigodini Road) as well as other upgrading works,” he said.

Subscribe For Latest Updates

Sign up to get the latest GreatDyke news updates

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

He added that under the North South Corridor Improvement Project, the Japanese Government has committed to invest ZWL$1.78 billion million to upgrade 6.5km on the Harare–Chirundu Road, Makuti-Hellsgate Section.

“During 2020, ZWL$476 million was disbursed towards the project with an
additional ZWL$527 million expected to be disbursed towards the project
in 2021 that will ensure completion of Phase 1.

“Furthermore, the African Development Bank is providing support towards
rehabilitation of damaged road infrastructure in Chimanimani to the tune
of ZWL$102 million in 2021 under the Zimbabwe Idai Recovery Project.

“Other regional trunk road projects, implemented through the Department
of Roads, have an allocation of ZWL$12.9 billion, targeting upgrading
works for identified roads in provinces,” added Mthuli.

LEAVE A REPLY

Please enter your comment!
Please enter your name here