Government has assured the construction industry that the Contractors’ Bill will be ready for tabling before Parliament by December this year and has urged the local contractors to come with bankable projects in order to benefit from the insurance and pension funds’ over $9 billion investible financial resources.
Government has reaffirmed its commitment to support the local contractors through the creation of an enabling environment, unlocking of funding for the sector and prioritising local contractors in key capital projects such as the Harare-Chirundu-Beitbridge road rehabilitation.
Addressing delegates at the 2018 Zimbabwe Building Contractors Association Conference in Victoria Falls, Local Government, Public Works and National Housing Minister, Cde July Moyo said the Contractors’ Bill should be ready for tabling in Parliament by December and highlighted government’s resolve to harness domestic financial resources towards infrastructure development.
“We will continue to harness domestic financial resources to support infrastructure development in the country,” he said.
As part of efforts to support the local contractors, government will utilise part of the funds raised from the $150 million ZINARA construction bond to carry out rehabilitation work on Harare-Beitbridge-Chirundu highway to be undertaken by locals firms.
Zimbabwe Building Contractors Association outgoing president Engineer Ramson Nherera said more needs to be done to capacitate the sector and assured government of the local contractors’ capacity to undertake key national projects.
“We stand ready as local contractors to play our part in the economic transformation drive and we are calling for an enabling environment,” he said.
Transport and Infrastructural Development deputy minister Advocate Fortune Chasi assured the local contractors of government support in unlocking the potential of the sector.
‘I know we will be unpopular with some sections of the local community but this is not a popularity contest. I will assure you that you have a willing partner in this new administration,” he said.
The 2018 Zimbabwe Building Contractors Association Conference running under the theme, “Enhancing Local Contractors for Strategic Infrastructure Development in Zimbabwe” has attracted local and foreign financiers, policy makers, contractors and the academia.