Masunda said: “The project will cost around $100 million. It’s not just water infrastructure, but there is also a serious shortfall of electricity. We are keen to have investors in the area of infrastructure,” he said.
The Mayor said the African Development Bank and an unidentified French lender would assist with funding. The Development Bank of South Africa is already funding the rehabilitation of roads in Zimbabwe.
Last month Masunda told SW Radio Africa’s Question Time programme that the City Council was better placed to source funds to resolve the water crisis than central government.
“Because of our central government’s track record, the institutional funders of projects of this nature and magnitude are understandably reluctant to work with government but they are not averse to working with the city because the city’s track record is fairly good and cities are going to be there until kingdom come.”
Masunda added: “It’s not about upstaging each other. I’m not in any way trying to show up my old friend Samuel Sipepa Nkomo (Water Resources Minister) but just assisting him in the full knowledge that he’s the person that ultimately is responsible for anything that has water in this country.” – SW Radio Africa NewsPost published in: News