The permanent secretary for the ministry of Transport and Infrastructural Development Engineer Chinyanga has brought to light the amount that is scheduled for the Harare- Masvingo- Beitbridge highway project. The information was circulated via the Ministries Twitter handle.
The tweet had the following
“Eng. Chinyanga said #gvt will float an infrastructure bond issue for US$250 million to finance the construction of the 584km Hre-Masvingo-Beitbridge highway from the flyover replacing Mbudzi roundabout at the intersection of Simon Mazorodze, Chitungwiza and High Glen Roads.”
“He added that the US$250 million bond will unlock value for the Harare-Masvingo-Beitbridge highway, where rehabilitation and widening work has already started using local financing and contractors.”
This is a developing story.