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Zimbabwe targets US$1 billion to rehabilitate roads

By , based on Daily News (Zimbabwe)

Zimbabwe targets US$1 billion to rehabilitate roadsIllustrative image · Sergei Starostin · Pexels · Licence Pexels

The Zimbabwean government is targeting up to US$1 billion to rehabilitate roads, using revenue from the national roads administration as collateral with financial institutions. Transport Minister Felix Mhona described the mechanism as a way to mobilise more funding for infrastructure, according to Daily News.

The Zimbabwean government is targeting up to US$1 billion in financing to rehabilitate roads, Transport Minister Felix Mhona told Daily News. The project would involve using revenue collected by the Zimbabwe National Road Administration (Zinara) to secure financing from financial institutions.

The mechanism would enable the government to mobilise additional resources for road infrastructure, according to Felix Mhona. Zinara is the national body responsible for managing road revenue in Zimbabwe.

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