Zimbabwe: Trabablas Interchange Cost Hits U.S.$114 Million As Treasury Reveals an Unbudgeted U.S.$26 Million Was Paid

Zimbabwe: Trabablas Interchange Cost Hits U.S.$114 Million As Treasury Reveals an Unbudgeted U.S.$26 Million Was Paid

The cost of constructing the recently commissioned Trabablas Interchange in Harare was beyond the US$88 million initially communicated and budgeted for, Treasury has revealed.

Trabablas Interchange Scandal Worsens

The cost of constructing the controversial Trabablas Traffic Interchange in Harare has ballooned to a staggering US$114 million, triggering outrage in Parliament and intensifying scrutiny over government spending, transparency, and possible corruption. The revelation, made by Finance and Economic Development Minister Mthuli Ncube during a heated parliamentary question-and-answer session, confirmed that the project had exceeded its initial budget…

Extra US$26m splashed on Trabablas raises stink - Zimbabwe Situation

Source: Extra US$26m splashed on Trabablas raises stink -Newsday Zimbabwe FINANCE minister Mthuli Ncube has been grilled by legislators over excess expenditure on the Trabablas Interchange, with legislators demanding clarity on the project’s total cost and the source of funding amid indications that as much as US$114 million was spent on the project. President Emmerson Mnangagwa officially opened Trabablas Interchange, formerly Mbudzi Roundabout…

Mthuli Breaks Down US$114 Million Trabablas Interchange Cost

Responding to questions from legislators in the National Assembly, Ncube explained that a portion of the funds was allocated to compensate families who were relocated to make way for the infrastructure development. He said: We spent $65 million on things such as, for instance, contractors’ establishment on site, accommodation of traffic, the drains and just picking up a few things, pitching storm rate protection against erosion, stabilisation, p…

Mthuli grilled over Trabablas cost – DailyNews

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Shock as Ncube reveals real cost of Trabablas Interchange was $114 million - Zimbabwe News Now

HARARE – The total cost of the construction of the Mbudzi Interchange in Harare, now renamed Trabablas Interchange, was $114 million – a 32 percent overrun on the initial budget of $88 million, finance minister Mthuli Ncube told the National Assembly on Wednesday. The government raised the $88 million through a loan from Fossil Mines, a local company with links to business tycoon Kudakwashe Tagwirei. Now Ncube has admitted that a further $26 mil…