Govt faces P710m Kazungula funding gap

Friday, August 15, 2014

Government is facing a mammoth P710 million bill to cover a funding gap for the construction of the Kazungula Bridge following the pulling out of the Japanese financiers.

Funded by loans from the African Development Bank, the Japan International Cooperation Agency ( JICA) as well as contributions from both Zambia and Botswana governments, the project’s ground breaking was initially scheduled for last month.

But the construction of the multi-billion Pula Kazungula Bridge is now only likely to begin towards the end of the year after JICA pulled out of the project over a ten- der valuation dispute.

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Govt faces P710m Kazungula funding gap

Government is facing a mammoth P710 million bill to cover a funding gap for the construction of the Kazungula Bridge following the pulling out of the Japanese financiers.

Relay team hunts elusive gold

Nico launch late Houdini act

GU face Galaxy hurdle in title defence

Tables turn on disciplined forces

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