Parly ratifies $150m deal with Chinese bank

Parliament yesterday ratified a $150 million loan agreement between Zimbabwe and the Export-Import Bank of China for the upgrading and rehabilitation of Victoria Falls Airport ahead of the United Nations World Tourism Organisation Convention that will be hosted by the resort town in August next year.

Acting Finance Minister, Gorden Moyo, told parliament that the loan would help in the upgrading and expanding of Victoria Falls airport.

The project entails the construction of a 4000 meter runway, a control tower, landside and inside road network car parks as well as the rehabilitation of the current runway.

Moyo said the contractor, China International Economic Cooperation, is already on the ground.

He added that the implementation of the project is projected to attract about 1, 2 million visitors who would fly to Victoria Falls, saying the airport in its current state cannot handle that passenger volume.

The project will enable large passengers aircrafts like the Boeing 747 to land in Victoria Falls.

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