malvernmugadzikwa
Online Reporter
DEVELOPMENT finance institution, the Infrastructure Development Bank of Zimbabwe (IDBZ), says it has US$345,7 million worth of projects in the pipeline.
The projects will cover various construction segments, mainly housing and energy infrastructure.
Some of the projects include, the Glen Forest Housing Development valued at US$6 million, Ministry of National Housing and Social Amenities Special Drawing Rights (SDR) Loan Advisory (US$10 million), Mutare Student Accommodation Project (US$16,2 million), Nyazura 10 Megawatts Solar Power Plant (US$ 10 million), Kwangu/Ngakwami Presidential Title Deeds Programme Advisory (US$100 million), Chirundu Border Post Modernisation Advisory (US$89 million), Ravensus Solar Project (US$49 million), and the Bindura University (BUSE) Sodium Silicate Project (US$10 million).
The other key projects include the construction of Athol House apartments (also known as Eastlea Flats) at a value of US$3,2 million, Pagomo Cluster Houses Development (US$6,2 million), Dabuka Village double storey apartments (US$9,1 million), Clipsham View Hotel (US$12 million), and the Ministry of National Housing and Social Amenities – Shelter Afrique advisory (US$25 million).
IDBZ chief executive officer Mr Zondo Sakala said in a financial statement for the year to December 2023 that the bank was equipped and prepared to facilitate resource mobilisation of the projects.
“To effectively deliver on its mandate of promoting economic growth through championing investments in infrastructure development, IDBZ is building a pipeline of projects that are bankable and shovel-ready to facilitate resource mobilisation,” said Mr Sakala.
Bongani Ndlovu