Tuesday, April 16
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What Is In The $6.8 Billion Grant Package?

President Lazarus Chakwera has presided over the historic signing of the $6.8 billion {about K7 trillion} grant between his government and the Belgium based Bridgin Foundation to help the country in its multimillion-kwacha development projects in education, health and energy, among others.

Chakwera says this help realize some his plans such as improving subsistence farming to commercial farming through the establishment of the agro- processing plant at the Lilongwe University of Natural Resource-LUANAR.

He has however warned his administration will not tolerate any abuse of the funds through corruption.

In his presentation, Finance Minister, Sosten Gwengwe said the funds target the following projects;

*Construction of Inkosi Ya Makosi M’mbelwa University with Hi-Tech Livestock Industrial Center at $ 480 million.

*Construction and equipping of a Hi-Tech bioscience and fertilizer manufacturing industrial part at LUANAR at $750 million.

*Construction, equipping, and full operationalization of a Hi-Tech Kamuzu University Teaching Hospital in Blantyre with satellites in Mzuzu, Lilongwe and Mangochi at $1 billion.

*Development of power generation facilities with total installed capacity of One Gigawatt and related infrastructure upgrade and transmission at $3.3 billion.

*Construction of Twin Towers at Capital Hill at $230 million.

*Construction and equipping of Mzuzu University Teaching, learning and Research facilities for geo-mining and establishment of Business Park at $592 million.

*Construction and equipment of MUST hi-tech technology and engineering hub at $185 million.

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