ED returns with bagfull




The Kunzvi Project reached financial closure, with Sino Hydro and China Communications Construction Company (CCCC) committing to provide resources for a dam and water treatment plant, and to rollout installation of smart prepaid water meters.

Other projects that will get immediate funding totalling about US$1 billion include Robert Mugabe International Airport expansion, a new Parliament Building, NetOne’s expansion, refurbishment of Morton Jeffrey Water Treatment Plant, and construction of a pharmaceutical factory among others.

Zimbabwe and China also signed a US$1 billion tourism memorandum of understanding.

President Xi Jinping’s government extended a special RMB1 billion (close to US$160 million) facility for Zimbabwe to draw down over three years, and US$20 million to assist President Mnangagwa’s administration.

Chinese investors offered to fund construction of roads and railways, while one wants to build a multi-million dollar five-star hotel in Victoria Falls.

Officials from Oriental State Chinese agreed to set up industrial parks in special economic zones.

Top Stories

ED returns with bagfull

The Kunzvi Project reached financial closure, with Sino H.....

Newsplus

John Doe and Jane Doe team up to deliver the latest news around the clock from 00:00 to 10:00 hrs.

1