Student hostels construction 69% complete

CONSTRUCTION of the US$14.8 million upmarket accommodation facility to house more than 1 000 students in Bulawayo by the Infrastructure and Development Bank of Zimbabwe (IDBZ) has gathered pace with 69 percent complete and is expected to be completed by November 2021.

 

Responding to questions from Sunday Business, IDBZ chief executive officer, Mr Thomas Zondo Sakala said the Bulawayo Students Accommodation Project (BSAC), which is under construction at an estimated cost of US$14.8 million was at 69 percent complete and is expected to be fully completed in November 2021.

 

“The project is being undertaken through a joint venture between the IDBZ and three institutional investors, namely Old Mutual, Zimnat and Motor Industry Pension Fund. Overally, the project is currently 69 percent complete and is expected to be fully completed in November 2021, with the operational date set to be the first semester of 2022,” said Mr Sakala.