Harare gets more refuse compactors

SIX refuse trucks which are part of the 30 compactors bought by Harare City Council from automotive manufacturer FAW Group Corporation for $3,1 million have been delivered after the Reserve Bank of Zimbabwe (RBZ) availed foreign currency to the company.

The refuse compactors are part of the consignment which has been holed up in South Africa since last year due to foreign currency shortages.

They were bought under a $30 million loan facility accessed from local banks for recapitalisation.

FAW has already delivered nine refuse trucks and 10 skip trucks using its own resources and the $300 000 it got from RBZ.

It has now delivered 15 refuse compactors including the latest consignment.

FAW Group chief executive officer Mr Patrick Masocha said the availability of foreign currency had been the major impediment.

“We received the foreign currency allocation for the City of Harare trucks. We managed to bring the trucks in three weeks’ time. As for the remaining trucks we will certainly be able to bring them in a period of less than three weeks if we get forex allocation again,” he said.

“The main challenge we have is the foreign currency if we get it we will deliver them because we have the trucks in stock in South Africa. Our finance people would be conversant of the required foreign currency component.” — Herald Reporter.