Online Reporter
THE implementation of Masuwe special economic zone in Victoria Falls is well on course following the completion of a feasibility study by Mosi-Oa-Tunya Development Company, a Cabinet Minister has said.
In a post-Cabinet media briefing yesterday, Information, Publicity and Broadcasting Services Minister, Senator Monica Mutsvangwa, said the project will be implemented in two phases.
“Phase One entails the construction of bulk water supply systems for the entire Masuwe Special Economic Zone and the development of internal water, sanitation, roads and storm-water drains at an estimated cost of US$120 million,” she said.
“Phase Two will witness the development of the remaining 930 hectares at approximately US$85 million.”
Minister Mutsvangwa said the project, which is expected to be completed within two years, is meant to boost tourism activities in the area.
Meanwhile, Old Mutual Life Assurance is set to construct a 4-star hotel in the same zone.
“The nation is further being informed that Old Mutual Life Assurance Company will construct a 4-star hotel with a 5 000-seater conference facility, medical tourism facilities, a golf estate and a shopping mall on land which Government will allocate,” said Minister Mutsvangwa.
“The project will comply with all relevant environmental statutes, including the use of solar to provide clean energy.”