In a statement, Makgato said the adversity which recently affected the Kazungula Bridge Development has been resolved– further that the project is expected to be completed in 2020.
“It is a fact that the Contractor–Daewoo International, recently issued a contractually-enforceable notice to suspend works on the bridge project. This was as a result of delayed or non-payment of amounts due from the Employer who, in this case, is a joint and 50/50 partnership between the governments of Botswana and Zambia,” she said.
Makgato said Zambia which was yet to contribute its share of funds for the construction of the bridge has moved swiftly to correct by paying all the arrears, and obtaining the Contractor’s agreement and lifting the prevailing suspension of construction of the project.
“As part of resolving the problem, a required minimum amount of US Dollars 16.62m, which has hitherto been overdue is in the process of being transmitted to the Contractor (Daewoo International),” said Makgato.
She added that “The Botswana is pleased with the cooperation, which has been received from both the Zambian and the Contractor in expeditiously and amicably dispensing of the risk, which the project has been facing.”
Makgato concluded that because of its strategic importance to the SADC Region, and wider trade-facilitation across Africa and beyond, both Botswana and Zambia recognize and wish to reiterate their mutual commitment to having the Kazungula Bridge Project completed soonest and most cost-effectively.