KWEKWE — Kwekwe City Council has awarded private land developer Rockodox Minerals, a tender to redevelop its old bus terminus into a modern shopping complex, under the build operate and transfer (BOT) arrangement.
Town engineer John Mhike told a special council meeting that work on the project started on May 1 and will take three months to complete.
Under the agreement, Rockodox, a Kwekwe-based company, will operate the facility for 10 years before handing it over to the council.
The facility will comprise 20 shops, a revamped long-distance bus terminus, two information centres, ticketing booths, a fuel station on land opposite the terminus to service commuter omnibuses and long-distance buses.
“Council will be getting revenue in the form of licence fees and other related levies during the subsistence of the BOT arrangement.
“However, on (other amenities), the developer will be paid with an equivalent value of land conside
ring these have little return on the investment of the developer,” Mhike said in minutes made available to The Source on Wednesday.
— The Source