$37m BCC fund­ing boost for in­dus­try

Chronicle (Zimbabwe) - - Business Chronicle - Whins­ley Masara Busi­ness Re­porter

BU­L­AWAYO Mayor Coun­cil­lor Martin Moyo says the $37 mil­lion water and sewer re­ha­bil­i­ta­tion fund from the African De­vel­op­ment Bank (AfDB) will im­pact pos­i­tively on the city’s busi­nesses es­pe­cially small scale build­ing ma­te­rial sup­pli­ers.

Bu­l­awayo on Tues­day re­ceived a $37 mil­lion boost from the re­gional bank to fi­nance in­fra­struc­ture de­vel­op­ment and help im­prove ser­vice de­liv­ery.

“Clever busi­ness minded peo­ple will hur­riedly stock hard­ware ma­te­ri­als such as pipes, taps, bolts and nuts, ce­ment and other things that could be used in re­ha­bil­i­tat­ing and re­viv­ing the water and sew­er­age in­fra­struc­ture in the city of Bu­l­awayo,” he told Busi­ness Chron­i­cle in an in­ter­view.

“Def­i­nitely all ma­te­rial that will be used in the im­ple­men­ta­tion of the project will be pur­chased in our coun­try as a way of boost­ing our eco­nomic sta­tus.”

Clr Moyo said the project was in­tended to im­prove the lives of res­i­dents through en­hanced ser­vice and con­tri­bu­tion to the re­vival of the lo­cal econ­omy.

“This project will def­i­nitely cre­ate em­ploy­ment for ci­ti­zens as it will run for the next four years. We ex­pect the city of Bu­l­awayo to ben­e­fit in many as­pects,” he added.

Work has al­ready started on the fouryear project and the AfDB has re­leased part of the funds. Clr Moyo said the project would re­sult in the up­grad­ing and im­prove­ment of house­hold ac­cess to mu­nic­i­pal water and re­duced en­vi­ron­men­tal pol­lu­tion from raw sewage.

“Bu­l­awayo was af­fected by many years of lack of in­vest­ment in main­tain­ing its water and sewage in­fra­struc­ture due to eco­nomic chal­lenges.

“The city is also fur­ther af­fected by lim­ited water re­sources as a re­sult of drought and de­spite these fac­tors, the rev­enue col­lected by the lo­cal au­thor­ity is not 100 per­cent as the rest is lost through leaks and burst pipes,” he said.

e Mayor also said the project would as­sist the city in mit­i­gat­ing the chal­lenges of water and rev­enue lost through leaks as well as en­sur­ing that the sewage gen­er­ated in the city was treated at the water treat­ment works.

“It is my hope that this con­tri­bu­tion of $37 mil­lion will go a long way to­wards the achieve­ment of set tar­gets,” he said. — @win­nie_­masara

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