PF govt signed road contracts valued at K127 billion without clear payment plan – Musokotwane

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says during the last ten years, government signed road contracts valued at K127 billion without a clear foresight on how the commitments would be liquidated. Rendering a ministerial statement on the debt status of the road sector, Tuesday, Dr Musokotwane said as at 30th June, 2021 arrears payable to contractors and consultants accumulated to K9.68 billion. He added that government obtained expensive loans from NAPSA and NATSAVE valued at K4.2 billion. “Madam Speaker, during the last ten years, government signed road contracts valued at K127 billion without a clear foresight on how these commitments would be liquidated. As at 30th June, 2021 arrears payable to contractors and consultants accumulated to K9.68 billion…....