Story by Tichaona Kurewa
THE Zimbabwe National Road Administration (ZINARA) is making significant strides in meeting its financial obligations, after paying over 70 percent of its budgeted loan repayments to the Development Bank of South Africa (DBSA) for this year.
In 2023, ZINARA revealed that it had made remarkable payments to the Development Bank of Southern Africa (DBSA) reducing the outstanding loan balance to an equivalent of US$65 million.
ZINARA told ZBC News this Monday that the timely repayments to the DBSA will enable ZINARA to unlock additional funding avenues, paving the way for further upgrades to the country’s road network.
The ultimate goal is to achieve world-class road standards by 2030.
“ZINARA is up to date with the DBSA repayments with 77% of the budgeted allocation for this year having been duly paid as of the third quarter. The loan repayment tenure is on course for completion in 2027,” ZINARA, Head of Corporate Communications and Marketing, Mrs Tsungie Munyeza.
To enhance revenue collection efficiency, ZINARA is actively pursuing the implementation of e-tolling. The authority is currently undergoing rigorous procurement processes to ensure a smooth transition to this modern system.
As of the third quarter of 2024, ZINARA has successfully completed road works on 33,773 kilometres of road across 568 projects.
These projects encompass both routine and periodic maintenance, demonstrating a comprehensive approach to road upkeep.
By prioritising financial discipline, embracing technological advancements and executing well-planned road projects, ZINARA is steadily working towards a future where Zimbabwe boasts a robust and efficient road network as the country journeys towards an upper middle-income society by 2030.
