City seeks partners

Fourth Street, Copacabana, Market Square and Charge Office.

“We are looking for investors to partner the city in the development of modern bus ranks,” he said.
The development of parkades across the city will ease the shortage of parking space.

Kombis using the ranks would have to pay entry fees. Investors would recoup their investment through the kombi entry fees and rent from the shops and vegetable markets.
Fast food outlets would also be accommodated at the ranks.

At the moment Harare is not getting any returns from the bus ranks as it does not have a mechanism to collect cash.
In Harare Metropolitan only Chitungwiza is charging for the use of its bus ranks.

Mr Masepe said a number of other joint business opportunities existed in Harare. The city, he said, had land for the development of parkades, offices, and shopping complexes at the Park Lane Parking Lot and Fourth Street Parking Lot.

“We also want investors to come forward and present their projects,” he said.
He said the city was also looking for partners on its farms to carry out dairy and beef projects.

City stadiums such as Rufaro and Gwanzura also presented opportunities for the development of sports shops, fitness spas, eateries and offices.
Funding problems and city bureaucracy have affected the full implementation of joint ventures as some investors have had to wait for over three years to get council approval of the deals.

Some of the investors would have accessed bank loans which attract annual interest and fear that delays in implementation would erode their benefits.
In some of the instances the city’s core business of service delivery has had to compete with the non-core which is the business aspect.