Details and value of agreements between Zimbabwe and China- Mthuli Ncube

• I now turn to the National Defence Phase 2 facility, through the China Development Bank signed in 1985 on 20th July. That was US$6.2 million.
• Then National Defence Project again Phase 3, through the China Development Bank signed in 1986 on 22nd December, that is US$7.7 million.
• There is a US$200 million farm mechanisation equipment facility signed on 13th October, 2006, through China-Exim Bank.
• There is NetOne project as well through China-Exim Bank signed on 1st June, 2010, that is US$41.8 million.
• There is National Defence College facility of US$98.7 million signed on 21 March, 2011, through China-Exim Bank.
• There is the Victoria Falls International Airport facility of US$149.9 million signed on 5th April, 2012.
• There is NetOne Phase 2 project, through China-Exim Bank signed on 25th August, 2014 and that is for US$198.8 million.
• There is ZPC Kariba South Hydro project of US$390.5 million signed on 11th November, 2013.
• There is TelOne Backbone network again through China-Exim bank signed on 1st December, 2015. This amounted to US$98.6 million.
• There is Harare International Airport facility of US$152.8 million signed on 4th April, 2018, through China-Exim Bank as well.
• Then Hwange 7 and 8 expansion facility of about a billion, US$997.7 million signed on 1st December, 2015 again through China-Exim Bank.
• There is Sinosure Medical equipment project of about US$90 million signed on 21st March, 2011, through China-Exim Bank.
• Finally, the Sinosure City of Harare facility of US$140.8 million signed on 21st March 2011, again through China-Exim Bank. If we add all those numbers, they amount to US$2.722.4 billion.

Madam Speaker Ma’am, out of the loans that I have mentioned, US$152 million worth of loans have since matured and are fully paid up.  I have got a second schedule which shows loans that are fully paid up.

The outstanding debt to China as at August, 2022 amount to US$1.768 billion.  What we will do here, again it means what is in Table 2, if we remove that, the remainder is US$1.768 billion.

Continued next page

(207 VIEWS)