3.7 C
Friday, February 23, 2024

Zimbabwe considers financial implications of Kazungula Bridge

More News

Zimbabwe is evaluating the financial implications following its integration into the Kazungula Bridge, transport minister Joel Matiza has said.

Zimbabwe and Namibia were roped into Kazungula Bridge Project in in 2018 as equity partners to help boost construction of the project.

The 750-metre bridge at Kazungula crossing over the Zambezi River  is being constructed at the confluence of Zambezi and Chobe rivers, the meeting point of Botswana, Namibia, Zambia and Zimbabwe.

Mr Matiza told a regional summit last week that Zimbabwe was in the process of counting the cost of the project.

Related:Zambia bets on Kazungula Bridge to boost trade activities

“We are currently doing computations of the cost of the project and later present it to the cabinet for approval to allow us proceed with the project,” said Mr Matiza.

Once completed, the Kazungula Bridge is expected to facilitate seamless trade within the SADC region.

But the US$294-million project, touted as one of the major SADC economic integration success stories, has been experiencing delays partly due to lack of finance.

Also Read:

DRC now seeks regional support to revive Grand Inga Dam


Please enter your comment!
Please enter your name here

Top Projects