Dodoma — THE Capital Development Authority (CDA) has allocated 16bn/- for construction of a special economic zone here which is expected to be an investment hub in the designated capital.
The proposed Njedengwa Investment Project, is expected to be completed within three years, according to Acting Director General of CDA, Engineer Paskasi Muragili.
Eng Muragili told reporters here over the weekend that the authority has already identified a site for the proposed project which would be fitted with all necessary infrastructures.
"There would be a road network of about 20 kilometres, water and electricity supply in addition to other facilities," he said.The CDA was established in 1973 to spearhead development of Dodoma towards becoming the government seat, while Dar es Salaam was supposed to remain the commercial city.
During construction and upon completion, the project is expected to provide thousands of employment opportunities to residents of Dodoma and neighbouring regions.The site of the envisaged scheme covers an area of 570 hectares where investors are expected to put up large and medium sized industries.
"In the plan, there will also be residential houses with all basic facilities. Proceeds from the project will be used to put up new affordable residential houses for middle and low income earners," the CDA boss said.He urged foreign investors wishing to invest in the project to contact the Tanzania Investment Centre (TIC) on required procedures.
Eng Muragili said the authority had also allocated funds for compensation to residents whose land has been included in the investment project."The CDA is presently determined to improve housing through proper town planning which will make it possible for provision of social services," he said.
CDA is vested with master land title for the whole area earmarked for capital development and is given mandate to issue land titles to all developers within its area of jurisdiction.