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Zimbabwe | Egodini Mall | Bulawayo

8958 Views 10 Replies 2 Participants Last post by  zungu74
Looks like the project is going to start after some stalling due to a bit of politics. Cost is about $60 million

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Contractor takes over Egodini site

BULAWAYO City Council (BCC) has handed over the Egodini site to project developers after reaching a deal with property owners whose premises will be demolished to pave way for the construction of a mall.

Council handed over the site to Tearracota Trading Private Limited (TTPL) which won the tender to build the $60 million Egodini Mall last Thursday.

In compliance with council’s resolutions, TTPL is expected to move on site within 30 days of handing over the project.

Responding to questions sent by Chronicle, BCC senior public relations officer Mrs Nesisa Mpofu said council handed the site as per its December resolution.

She said council agreed on swap deals with two property owners at Egodini.

“There were only two properties which were not council’s properties and Council has agreed terms with them. As such two properties have agreed on a stand swap deal,” she said.

“The swap saved council a lot of money as payments in cash would have meant that council should secure mortgage finance which is very expensive. The swap acted as the much needed deposit of the purchase price.”
Egodini rank faces major facelif

Preparations for the reconstruction of Egodini rank into a world class mall as well as a standard road-port are at an advanced stage as work is expected to commence next month.

The long awaited reconstruction of Egodini bus terminus to a standard road port is set to start on the first of March this year.

This project will see locals benefitting through job creation while Bulawayo companies will be sub-contracted by the main contractor, Terracota which has won the tender.

Mrs Nesisa Mpofu the senior public relations officer for Bulawayo City Council said this project will help in sprucing-up the city’s infrastructure.

Chairman of the Informal Traders Association Bulawayo Chapter, Mr Dumisani Ncube said that they are looking forward to this project as it will create more opportunities for the sector.
now deserted as construction starts

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Egodini upgrade: Contractor gets down to business

DEMOLITION of old infrastructure is underway at Egodini terminus in Bulawayo as work on the $60 million mall construction project takes shape.

South African engineering firm, Terracotta Private Limited, is implementing the mega project after council handed over the site to it last month.

Chronicle visited the site and saw construction workers busy at work, demolishing old structures and removing tarmac and other unwanted material.

Workers could not be interviewed as the place has been cordoned off.
Egodini Mall developer alters structural designs to cut costs

Hope it doesn’t look botched

A progress report to the Bulawayo City Council (BCC) town, lands and planning committee by Terracota reveals that the company has been severely affected by a number of challenges such as the increase in interest rates, inflation and currency changes resulting in it re-designing some parts of the project to cut costs.

“Notwithstanding the challenging environment, works on site have been progressing at an acceptable rate. Due to the prevailing economic situation, the developer has amended certain design elements to mitigate against higher costs that can’t be passed onto tenants,” Terracotta’s report read.

“As with any capital project, debt funding is a critical component to fund the project to final completion. When civil works commenced, interest rates were between 10% and 12%.

However, these were suddenly increased to as high as 50% as part of the ongoing fiscal reforms.

“This has expectedly had an adverse effect on the phase 1 project programme to completion,” the report read.

Construction of the mall by the South African engineering firm took off last year

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