The Infrastructure Development Bank of Zimbabwe (IDBZ) has over two years disbursed US$250 million towards the rehabilitation and construction of the countryâ€™s infrastructure.
The disbursed amount has improved the countryâ€™s communication system with a huge chunk going towards road rehabilitation and information communication system which will play a critical role towards achieving the 9,3% projected economic growth this year.
In an interview in Harare, IDBZ Chief Executive Officer, Mr Charles Chikaura said the financial institution has embarked on various projects since last year.
â€œSome of the projects have been completed while others are at different stages of completion,â€ said Mr Chikaura.
Of the US$250 million, US$70 million has been disbursed under the private sector projects division to fund working capital for large corporate and small to medium enterprises while US$20 million was allocated for power projects.
Transmedia was allocated US$1,6 million towards rehabilitation of broadcasting transmission network.
US$6,2 million was channelled towards the laying of the fibre optic cable for the Harare-Mutare project, with transport getting US$39,8 million while US$5 million was allocated to the rehabilitation of railway infrastructure, among others.