Zimbabwe is set to construct a US$50million bus interchange in Harare at Fourth Street bus terminus after a joint agreement was entered between Pearl Properties and City of Harare.
Pearl Properties general manager developments Christopher Manyowa has said the mega bus terminus project is expected to change the way Harare looks. The project is expected to kick off next year.
“The joint venture will see City of Harare contribute the land while Pearl Properties will contribute the funding for the development. The estimated development is at a cost of $50 million,” Manyowa said.
He also added that the mega bus terminus project will be implemented in phases, and would include construction of a major Shopping mall.
The bus terminus project will stretch from Fourth to Fifth Street and then Robert Mugabe to George Silundika Avenue.
Pearl Properties, which is listed in Zimbabwe stock exchange, has undertaken various property investments and is almost finalizing on the Kamfinsa housing development where 38 units in Greendale were being constructed.
Zimbabwe is already undertaking several infrastructural projects involving road construction. An example will be the US$22m surfacing and construction of Save River bridge on the link between Wedza and Sadza Growth Point. Another will be the 112km length Bulawayo -Tsholotsho road, a project that had stalled for two years.