The scope of works on the rehabilitation of the highway, which started during the inclusive Government era between Zanu-PF and two MDC formations, involved 50 percent resealing, 29 percent shoulder widening and surfacing (7m to 10m), 21 percent reconstruction in some sections and 9 percent state-of-the-art toll gates installation.
However, it emerged upon buying Intertoll Africa, sources say Mabenthu is now heading north, eyeing its new acquisition's business interests in
Some sources close to the deal said the contract was clear among parties (
As such, Zinara has reportedly contracted an international advisor to look into the matter including the acquisition of
Zinara is reportedly ready to take over the management of the key infrastructure to ensure the smooth running of the tolling facilities.
Said the source: "If another company takes over Intertoll stake, in this case Mabentu, they may have other interests. For easier administration and management of toll plazas and moving into the future, it's favourable that Zinara takes over Intertoll Zimbabwe.
"Besides, Infralink is owned by Zinara that has 70 percent stake."
This week Zinara's newly appointed board chairperson Engineer Michel Madanha, confirmed there were developments taking place and that the administration was prepared to take over and manage the tollgate business.
"The development will affect the Intertoll and Infralink relationship to the extent that
"To this end Zinara has engaged a transactional advisor to consider all the options it has before it communicates its strategy on the impending disposal of shareholding in Infralink and sale of Intertoll Zimbabwe," he said.
Madanha confirmed that Mabentu was interested in having state in Intertoll Zimbabwe, but did not elaborate further.
"Yes,
"Intertoll Africa was bought by
"Further
Copyright The Herald. Distributed by AllAfrica Global Media (allAfrica.com)., source