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Finance Minister Patrick Chinamasa signs a grant deal with Africa Development Bank resident representative Mateous Magala in Harare

Lloyd Gumbo Herald Reporter
GOVERNMENT and the African Development Bank today signed a US$53, 4 million grant that would go towards energy and water infrastructure rehabilitation, among other areas. The grant will cover six projects.Zimbabwe Multi-Donor Trust Fund (ZimFund) will fund three projects to the tune of US$39, 9 million while the AfDB will finance the other three for US$13, 5 million.

Emergency Power Infrastructure Rehabilitation Project, Phase Two, Stage One will get US$15, 4 million with a supplementary grant of US$ 4, 6 million for the Emergency Power Infrastructure Rehabilitation Project Phase One.

Urgent Water Supply and Sanitation Rehabilitation Project, Phase Two, Stage One would get US$19, 8 million while US$8 million has been earmarked for Governance and Institutional Strengthening Project.

Youths and the tourism sector have also been allocated US$4, 1 million while Transport Sector Master Plan Study will get US$1, 3 million.

Finance and Economic Development Minister Patrick Chinamasa signed for the Government while AfDB resident representative in Zimbabwe, Dr Mateus Magala, signed for the bank.

“I believe that the signing of three more grants for the Zim-Fund projects will further these results and in this regard, I would like to applaud our development partners namely Australia, Denmark, Germany, Norway, Sweden, Switzerland and the United Kingdom who have contributed to the Zim-Fund,” said Minister Chinamasa.

In his remarks, Dr Magala said the signing of the grant was testimony of the strong partnership between the Zim-Fund donors, the Government of Zimbabwe and the AfDB.

“These projects are aligned with the Zimbabwe Agenda for Sustainable Socio-Economic Transformation 2013-2018,” he said.