Govt re­leases $20m for Tokwe-Mukosi Dam

Chronicle (Zimbabwe) - - Business Chronicle -

THE Govern­ment has re­leased $20 mil­lion for the com­ple­tion of one of the coun­try’s largest dams, Tokwe-Mukosi, be­fore the end of the year, the In­fras­truc­tural De­vel­op­ment Bank of Zim­babwe (IDBZ) has said.

The project’s costs vary, with fig­ures rang­ing from $117 mil­lion to $200 mil­lion.

Upon com­ple­tion, the project is ex­pected to pro­vide valu­able wa­ter to sugar and cit­rus es­tates in the lowveld, as well as sup­ply­ing wa­ter and elec­tric­ity to the nearby Masvingo city.

Work on the dam, which be­gan in 1998, has been held back by a com­bi­na­tion of nat­u­ral dis­as­ters and fund­ing prob­lems. Ear­lier this year, Ital­ian con­trac­tor Salini Im­pregilo threat­ened to halt work over out­stand­ing pay­ments.

“The Govern­ment of Zim­babwe re­cently re­leased an amount of $20.3 mil­lion to the IDBZ to be ap­plied to­wards com­ple­tion of out­stand­ing works at the Tokwe-Mukosi Dam” said IDBZ in a state­ment.

“This is in ad­di­tion to the $75 mil­lion Trea­sury Bills availed by the Govern­ment to clear out­stand­ing ar­rears”.

IDBZ said it had also re­cently dis­bursed $18 mil­lion (equiv­a­lent to 16.6 mil­lion eu­ros) to Salini Im­pregilo from the pro­ceeds of Trea­sury Bills raised ear­lier this year.

“Fol­low­ing the pay­ment of the out­stand­ing dues to Salini, the con­trac­tor has en­gaged to fully re-mo­bilise and com­plete out­stand­ing works be­fore the on­set of the rain sea­son. Tokwe-Mukosi Dam will there­fore be able to im­pound wa­ter start­ing from the 2016/17 rain sea­son” the IDBZ said.

The dam, which has been long in the plan­ning as part of a strate­gic de­vel­op­ment to guar­an­tee sup­ply of wa­ter to the lowveld sugar and cit­rus es­tates, is 96 per­cent com­plete.

At com­ple­tion, the dam is ex­pected to pro­vide ir­ri­ga­tion for 25 000 hectares of sugar cane plan­ta­tions with cit­rus plan­ta­tions and power gen­er­a­tion projects also in the pipe­line. — The Source

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