Zimbabwe Secures Funding for Multi-Million Dollar Chirundu Border Post Upgrade

The Zimbabwean government has secured  over $US65 Million  funding deal for the upgrade and mordenisation of the Chirundu Border Post with Zambia. 

The capital will be mobilised by Chirundu Border Consortium (CBC), Zimbabwe’s private sector partner in the multi-million-dollar project.

In a joint statement, the Ministry of Transport and Infrastructural Development and CBC revealed  that all necessary financing arrangements for the implementation of the project have been secured.

“The achievement of financial close confirms that the necessary financing arrangements for the implementation of the project have been secured,” Zimbabwe’s Transport and Infrastructural Development minister, Felix Mhona, said.

“Under the agreed framework, CBC will mobilise the capital required to deliver and operate the upgraded border post, providing modern public infrastructure without requiring capital funding from the Government of Zimbabwe,” the Transport minister said.

He said construction mobilisation is at an advanced stage, with the batch plant operational and various contractors already on site.

Modernization of the border post is expected to improve trade facilitation, strengthen regional connectivity and enhance the efficiency of the North-South Corridor. 

SAFAGA International is leading the project, while Standard Bank of South Africa participated as the lead debt arranger and senior lender.

Chirundu Border Post serves as a critical gateway connecting Zimbabwe with Zambia and the broader regional market.The upgrade will bring new infrastructure and advanced technology to speed up cargo processing,lower congestion,and ease delays for freight operators