HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) is geared to commence the servicing of 165 low density stands under the Matonjeni housing development in Zvishavane, as it spreads infrastructure development projects across the country.
Indications are that the bank is now scouting for partners for the development of project, in line with fulfilling its mandate of providing affordable housing solutions and other infrastructure projects.
The Matonjeni housing project entails development of 165 low density residential stands measuring, 1 200 square metres. The project will include commercial and institutional stands.
IDBZ has started looking for consulting partners to service the stands in line with the country’s urban planning laws.
The services should include designing and construction of water reticulation system, installation of electrical reticulation, public lighting system as well as design and construction supervision of surfaced roads.
“IDBZ now invites eligible national, regional and international consulting firms to indicate their interest in providing the consultancy services.
“The Matonjeni housing project involves the servicing of a total 165 low density residential stands measuring an average of 1 200 square metres per stand,” said IDBZ.
The IDBZ was mandated to mobilise funds towards cost of developing housing infrastructure. The bank has been actively involved in various other residential projects across the country.
These include the New Marimba housing project in Harare which has delivered 357 high density residential stands. In Masvingo, progress has been made on Clipsham housing project which delivered 704 low density stands as well as 69 commercial and institutional stands.
Last year, IDBZ raised $26,6 million for various housing projects, according to the bank’s financial results.
The IDBZ board also approved $85,7 million worth of infrastructure projects across the country in 2017.
These include a $14,8 million Kariba housing project, university students and staff accommodation programme worth $34 million as well as the Victoria Falls Municipality water sanitation and health project worth $15,7 million.
The bank also approved a $5,8 million Empumalanga West housing and waste treatment plant rehabilitation project as well as Sumbeni housing project valued at $15,4 million.
This is in addition to student and staff accommodation facilities for universities and tertiary institutions as efforts to narrow accommodation challenges in the country’s institutions of higher learning.