Egodini rank mall project stalls
THE construction of the Egodini rank mall has ground to a screeching halt as a result of the re-introduction of the Zimbabwe dollar as the sole legal tender by the government in June 2019.
Bulawayo mayor Solomon Mguni said contractors of the multi-million dollar project were playing hard ball because of the volatile local currency.
“The macro-economic environment has affected the completion of the project for example, the sudden introduction of the Zimbabwe dollar in June 2019 as the sole legal tender.
‘‘Also suppliers and sub-contractors are not willing to price for periods longer that seven to 14 days due to the prevailing inflationary environment as well as the galloping interest rates,” Mguni said as he delivered a review of the state of the city in the last two years this week.
The local authority entered into a partnership with a South African civil engineering firm Terracotta Private Limited (TTPL) and the main contractor, another South African construction company — Liviero Group — to develop a US$60 million state-of-the-art Egodini Mall and intermodal public transport interchange in Bulawayo.
TTPL started working on the project in March 2018, resulting in the relocation of vendors and public transport operators, a development which led to congestion in the central business district.
The contractors were supposed to have completed the first phase by November 2019 and after missing it they set another target for March 2020.
Mguni added that the state of the city’s roads was dire and it was compounded by lack of funds from the Zimbabwe National Roads Administration (Zinara).