Categories: Stories

Zimbabwe’s Tokwe Mukosi dam nears completion

The Zimbabwe government has released $20 million for the completion of the one of the country’s largest dams, Tokwe-Mukosi, before the end of the year, the state infrastructure bank 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 town.

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 US$20.3 million to the IDBZ to be applied towards completion of outstanding works at the Tokwe-Mukosi Dam” the Infrastructure Development Bank of Zimbabwe (IDBZ) said in a press statement.

“This is in addition to the US$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-mobilize 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

(67 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024