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{
    "id": 1073415,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1073415/?format=api",
    "text_counter": 258,
    "type": "speech",
    "speaker_name": "Navakholo, JP",
    "speaker_title": "Hon. Emmanuel Wangwe",
    "speaker": {
        "id": 2543,
        "legal_name": "Emmanuel Wangwe",
        "slug": "emmanuel-wangwe"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. Indeed, I had a balance of four minutes. What I wanted to insist in addition to what I had put forward is that the proposed Bill, if this House passes it, is a good document. It is because it is relaxing the cost of doing business. For instance, the Bill is proposing that the Cabinet bureaucracy be reduced or removed in totality. Should this Bill be passed, the hours taken to move the approval from the proposal, to Cabinet and back so that the person desiring to have the proposal of a Bill approved will have a reduction in time. There is also a solution to the appetite of Government borrowing. If this Bill is approved the way it is, the current appetite for borrowing by the Government, which is very high will be dealt with. Therefore, let us not go into the issues of costly borrowing, especially commercial borrowing. Instead, let us look at the proposed PPP. For instance, the current construction of the Expressway is under a PPP. Instead of tying the funds, the investor comes in, puts funds, and recoups the funds in the long run. But my proposal is this: Let us cushion ourselves. Let us not give a blanket cheque to investors such that they take a long time recouping their investment. For example, recouping their investment in 15 years and making super profit in another 15 years. Let us look at the duration of 15 to 25 years, so that we also encourage others to come in The last bit which I want to emphasise is the recognition of local content. A good example is the Expressway. It does not have 30 per cent local content. It is not clear how local content is being provided for. But this Bill lays bare how local content will be achieved. If you will be undertaking a project under PPP, you will ensure a 70/30 per cent ratio so that local The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}