Shawasha Business Complex construction hits a snag

Shawasha Business Complex construction hits a snag
Published: 19 September 2019 (162 Views)
CONSTRUCTION of the Shawasha Business Complex has hit a snag after Harare City Council began consultations with legal experts on how to deal with contractor Consortio International Zimbabwe (Pvt) Ltd's alleged breach of contract.

According to  the city's business committee minutes, Consortio was supposed to make an initial deposit of US$10 million into a joint venture account, but it did not.

The joint venture was supposed to have seen the construction of a flea market, car park and shopping mall by December at the open space opposite Centenary cemetery in Mbare.

"….the proposal by Consortio to vary the joint venture agreement to allow them not to deposit the $10 million as stipulated in the agreement and converting the same amount into materials purchase be not acceded to on the grounds that the amount was representing the initial contribution by the partner towards the project hence this requirement was to be implemented as stated in the subsisting agreement," the minutes said.

Business committee chairperson Munyaradzi Kufahakutizwi said the project had not started for far too long and councillors were worried if it would take off.

Shawasha Business Centre comes five years after Gulf Sunshine Bazaar along Simon Mazorodze was completed but has not been officially opened.

- dailynews

Tags: Shawasha,
 

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