Zimbabwe: Govt Seeks U.S.$145 Million from China
source: allAfrica
Financial Gazette (Harare)
Clemence Manyukwe
27 August 2009
Harare — The government is seeking US$145 million from China for the construction of a new parliament building, Finance Minister Tendai Biti has said.
Biti told the parliamentary portfolio committee on Budget, Finance and Investment Promotion last week that negotiations for the funding of the state-of-the-art building to be located in the historic Kopje area of Harare are already underway.
“Negotiations are underway to secure concessionary funding of US$145 million from the China Eximbank to finance the construction of the new Parliament building,” Biti told legislators.
“The transport and communications sectors are set to benefit US$825 million under [continue reading]
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