Finance, Economic Planning and Development Minister Goodall Gondwe has disclosed that government has applied for $50 million (about K36 billion) grant from the Japanese government to be used for rehabilitating Chiromo Bridge in Nsanje and part of it for the Thyolo-Thekerani-Muona-Bangula Road.
Gondwe disclosed that Malawi government ia waiting for feedback from the Japanese government and is upbeat they will be granted following the pledge of Japan Prime Minister Shinzo Abe to give $30 billion (K22 trillion) to Africa for the next three years.
Japanese premier made the pledge during the Sixth Tokyo International Conference on African Development (Ticad VI) in Nairobi, Kenya last month.
African countries were persuaded to submit projects they want the money to be used for.
According to Gondwe, Malawi government is also “hopeful” to get some money from Africa Development Bank (AfDB) “where the Japanese government is expected to channel $10 billion [K7.3 trillion].”
Analsys have welcomed the move to rehabilitate Chiromo Bridge which was washed away in 1997, saying it has economic benefits for the country.Follow and Subscribe Nyasa TV :