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UK Granted A US$43.7 Million Loan To Zimbabwe For Beitbridge Border Modernisation

1 year agoSat, 25 Nov 2023 14:05:27 GMT

UK Granted A US$43.7 Million Loan To Zimbabwe For Beitbridge Border Modernisation

The United Kingdom (UK) granted a loan of US$43.7 million towards the modernisation project of one of Zimbabwe’s key border crossing points with South Africa. This deal, confirmed by the British ambassador to Zimbabwe, Pete Vowles, took place in 2020. The project’s total cost amounted to US$296 million. In an X post seen by Pindula News, Vowles said:

Spent the morning at Beitbridge border to see how UK investment (through @PIDGorg) has reduced processing times, is speeding up regional trade & transforming the town. It’s seriously impressive & proof of the power of public private partnerships, led by Zimborders Great to see @MottMacDonald🇬🇧 providing expertise to the oversee the project.
Increasing trade & investment between Zimbabwe and UK is a priority for @UKinZimbabwe. In the last year trade between us has increased to over half a billion USD (£469m).

What really transpired:

The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG), provided a loan of US$43.7 million for a project to modernise the Beitbridge Border Post. Zimbabwe’s government granted a 17.5-year concession to Zimborders, a private company, to rebuild and operate the border post near Beitbridge.

The project aims to boost business, industry, and tourism in the region. The facility had been struggling to handle increased traffic and delays, causing inconvenience and financial losses. With the modernisation, waiting times are expected to decrease, and new infrastructure will benefit both Zimbabwe, South Africa, and other countries accessing the strategic road network. The project will create job opportunities, with a focus on increasing the employment of women.

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The whole modernisation and improvement initiative in Beitbridge is scheduled to be completed in April of next year (2024). The project was divided into three phases to ensure civil works were completed without disturbing the border post.

Phase 1 comprises a freight terminal, roadways, and ICT facility upgrades (Phase 1),

Phase 2 comprises a bus terminal. The new Beitbridge Border Post bus terminal was first used in July this year. All construction activities, including ICT improvements, have been completed.

Phase 3 comprises a light vehicle terminal and out-of-port works.

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37 Comments

Anonymous · 1 year ago

At what cost?

Anonymous · 1 year ago

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Anonymous · 1 year ago

Zanu loves the lying business

Anonymous · 1 year ago

Zanu likes to lie.

Humphrey Muswati · 1 year ago

Nice article in that it shows who sponsored the project. However, I think a few points needed clarification like, did a project which had been projected $46 mil later ballooned to $296 mil in taxpayer costs. Knowing zanupf very well, no deal of this propensity goes down without someone deeping their hands into the cookie jar. Are the exorbitant charges to motorists at that border post justified?

Anonymous · 1 year ago

Please don't try to get attention through lies, next thing you will say the Beitbridge road was done by Britons, to hell with these malicious reports

Anonymous · 1 year ago

This Pindula new is a joke, you are full of ****....you are dreaming thinking a Chinese built port can be sponsored by Britain and let alone misleading people...

Anonymous · 1 year ago

This is a lie, why talk about it now, hatizi macsaskam isu, kuona zvakanaka hanzi ndezvedu, tisiyei apo. Maifunga Kuti hatizvigoni nhasi makuda kuita part of it. **** dzavanhu properganda..**** to hell with Britain

Anonymous · 1 year ago

The project was carried out by the south Africans on a build manage and transfer.lf indeed the a loan was extended it must have been borrowed by the south Africans.

Anonymous · 1 year ago

Let's hear the Zanu fools talk.. NICK MANGWANA, FOOLISH DR MAVAZA AND THIS **** Rutendo matinyarare

tk · 1 year ago

It was said the 4 SA banks did fund that project,now UK?

Tuzu · 1 year ago

What happened to the Tagwireyi funded Mbudzi Interchange?

Anonymous · 1 year ago

2 years ago the top man of Zim promised to completely redo the disgusting filthy overcrowded Kazangula Border Post. Until now absolutely nothing has happened. The place is full of rubbish, old and broken cars and trucks, baboons all over the place. It's a really bad image of this country as seen by tourists.

Anonymous · 1 year ago

If the government of Zimbabwe was given US$43.7 million for the Terminal's Modernisation Project, how come Zimbabwe Borders is charging motorist alot money just to pass through that terminal? I heard that this company will charge motorists such amounts until after many years to come. This means they are doing so to pay off the debt accrued when putting up the infrastructure. Is that the case? Do they owe any one or we are being robbed here? Very few Zimbabweans are going back home with cars, unlike before when this Terminal was not yet built. Check the number of foreign cars in Zim this coming Christmas time and compare the number of SA cars compared to those years before this development. Seemingly you didn't investigate well enough to answer this question? Where did this US$43.7 million go? Did they build it with borrowed money that we are now paying back? At the SA side, we pay nothing to pass through the border, but at Zimbabwe's side, all the money is left there? What a cruelty????

Anonymous · 1 year ago

I think if can take yr time to read well u will see the 43 point something million was a loan which is supposed to be paid back and also the whole project costs 290 point something million which means if can subtract 43 from 290 u will be left with 240 million which was needed to finish the project. So stop blaming okay just appreciate that the project is done

Anonymous · 1 year ago

Like u bro my fellow countryman

Anonymous · 1 year ago

That's very True Sir Us as Zimbabweans we never think or care for each other. And I'm not sure if the Government is aware of it's employees who do day light Robbery

chinondidya chii · 1 year ago

sanctions,what sanctions it's corrupt and incompetent Zanu pf that has caused economic downturn

doug · 1 year ago

The problem we have with getting along with whites is that we always have something to hide and we spend all our energy to make sure that what we are hiding does not show! There is nothing as liberating as always telling things as they are, that is, the truth, practising the truth and living the truth. Those who live by the truth will always avoid those who compromise it.

noted · 1 year ago

that's the truth. we want to run actions without being questioned about legitimacy issues because somehow we see it as being ruled or controlled yet transparency is a ticket that can make those countries even bring more investment to us. Remember that when ED took over he was all over Europe vowing that he will now handle everything transparently since the corrupt and evil Mugabe was removed. That time we heard of quite a number of foreign investors who were interested in investing in Zw. It was so until the paint got off in August 2018. Blaming whites for sanctions is clearly an election gimmick

doug · 1 year ago

@noted Sometimes countries forget that there are representatives of other countries and other organizations and think that what they do or say in their countries, even in their local languages and dialects does not get noted or noticed outside. We have countries lying to foreign countries and organisations to give a better picture or to curry favour. There is a country not far from us which had the central bank or reserve bank producing reports for the IMF, World Bank and other financial institutions in such a way to fool them into releasing funds. The new government in power had to tell the truth to the organisations and to apologise and commit to transparency. The organisations forgave that country and they are more than happy to help

Zimbo · 1 year ago

Not every 1 is on sanctions

aleck · 1 year ago

No sanctions inomamiswa yese

mai huni · 1 year ago

murungu akangotaura yatoo regime change agenda

towards elections · 1 year ago

boom boom... sanctions by British and it's Western partners...... heeee what what

ini · 1 year ago

varungu vane ma interests mu Africa yes..but ngatiregei kuita kunge ndivo varikuita kuti zvinhu zvedu zvisashande always. if we are corrupt they have a right to condemn us, the same way kana tichiitawo progress they commend us unlike machina arikututa osiya avaka zvinhu zviri worth half or less of zvinhu zvavatora.

Ho · 1 year ago

Chihurumende chaMuunagwa chinorasa muromo masangishini koizvp zvinobva nepi Nhema dzaZanupf Apa ku Live kwakavakiwa clinic England yacho kunyadzisa kwacho

· 1 year ago

Ndiwo masangisheni acho here aya?

🧐 🤔 · 1 year ago

If you look into it, it was in 2020 that means it was when re-engagement process was taking place

Anonymous · 1 year ago

No sakgishenei at all