Masvingo City has resolved to borrow over $200 million for the construction of an infectious diseases hospital and for the development of designs for water augmentation Phase 2.
According to the latest council minutes, consideration was given to the report of the acting finance director Mr Danister Jori during the Finance and General Purposes Committee on the Public Sector Investment Programme (PSIP) allocation for the year 2022.
The minutes noted that Mr Jori reported that the Ministry of Local Government and Public Works had advised that $203 600 000 had been allocated to the city under the PSIP. Read part of the minutes:
The acting finance director reported that the funding would be utilised for the construction of an Infectious Diseases Hospital and Consultancy fees for the Water Augmentation Project Phase 2.
It was noted that information regarding the interest charges was yet to be availed.
Authority to borrow $203 600 000 under the PSIP and application for borrowing powers for the construction of an Infectious Diseases Hospital and development of designs for the Water Augmentation Project Phase 2 was approved.
Meanwhile, the local authority has hiked by 100 per cent the rentals of its liquor outlets.
Council is leasing four of its liquor outlets to private operators following the engagement of valuation services.
More: The Sunday News