Glass project under-budgeted by P800million

The failed Palapye glass project
The failed Palapye glass project

As the nation puts behind the failed Palapye Fengyue Glass Manufacturing project, details have emerged to show that had it succeeded, it was going to cost the taxpayer more than P1.5 billion.

This  is P800 million more than the projected cost of the project when it commenced in 2008. The project was a joint venture between Botswana Development Corporation and Fengyue China.

Two years after it was liquidated, sources close to the project have confided in Mmegi that the BDC has in fact spent approximately P700 million and has given up on pursuing it. Initially, the corporation said it had spent only P400million.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up