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Nqobile Bhebhe
President Mnangagwa has said the Bulawayo Students Accommodation City complex that matches global standards is an example of collaboration between the Government and private sector.
He was speaking at the official commissioning of the students’ complex today.
“This Bulawayo Students Accommodation City is a symbol of the success of smart partnerships between public and private sector stakeholders,” said President Mnangagwa.
“These remain an essential partway to the growth and modernisation of our nation.”
He noted that the project is a clear demonstration of the country’s dedication to infrastructure development and local stewardship.
“It is a Zimbabwean project for Zimbabwean people, developed and funded by Zimbabwean institutions and entities,” he said.
“This approach fosters national pride as all citizens take ownership and benefit from our ongoing irreversible national development trajectory.”
The complex has 516 rooms, with two students sharing one room. At full capacity, it will accommodate 1 032 students.
The facility started accommodating students from across tertiary institutions in July last year, with those from the National University of Science and Technology (NUST) in the majority.
Construction costs are estimated at US$18,5 million.
Government, through the PSC’s Public Service Pension Fund, is a co-investor in the project alongside Old Mutual Life Assurance Company, the Old Mutual Local Pension Fund Syndicate, IDBZ, Motor Industry Pension Fund and the Zimnat Nominees.
The concept is expected to be replicated in areas that have universities, with Lupane expected to be the second beneficiary of such a facility.
The Bulawayo Students Accommodation City Complex is expected to generate income for the private sector as it has 33 commercial units, including a food court, a bank, grocery shops, and a pharmacy, among other things.
It is equipped with closed circuit television and biometric entrance to enhance the security of the students occupying the facility.
Online Reporter