27 November 2012

Zimbabwe: Infralink Project Creates 800 Jobs

The Develpoment Bank of Southern Africa support for public-private-partnerships in Zimbabwe through the provision of a R1,4 billion loan to Infralink (Pvt) Limited, has so far created 800 direct jobs.

The loan has facilitated the rehabilitation of the 801,5-kilometre Mutare-Harare-Bulawo-Plumtree highway.

Infralink is a 70 and 30 percent joint venture between the Zimbabwe National Road Administration and Group Five Limited of South Africa.

DBSA's external communications specialist Jabu Mthembu said that the initiative was poised to create more job opportunities over time.

"The objective of such programme is to rehabilitate key existing national routes in Zimbabwe which shall allow for the cost effective movement of goods and persons, both internally as well as cross-border.

"A further impact is poverty alleviation by way of job creation, with 800 direct jobs created and opportunities to increase this number over time," he said.

In addition he said the programme has big potential of improving Zimbabwe's access to Foreign Direct Investment which will give the Zimbabwean economy the much-needed boost and stimulus for the country's economic growth.

"The Zimbabwean economy almost melted 10 years ago and the DBSA is demonstrating its support for the resuscitation of the Zimbabwean economy as it success impacts on that of the Sadc region," he said.

He added that the rehabilitation of the Mutare-Harare-Bulawo-Plumtree highways is expected to contribute a great deal to the enhancement of regional integration by providing linkages with Sadc trade corridors to neighbouring Mozambique and Botswana.

"In order to make this project sustainable, tolling revenues have been sanctioned by the Zimba-bwean ministries of Transport and Finance in a multi-party agreement," he said.

Copyright © 2012 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.