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{
    "id": 116878,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/116878/?format=api",
    "text_counter": 510,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "As much as we are saying that the cost of construction will be US$900 million, we are made to understand that the concessionaire is negotiating with the IFC, the World Bank for the financing of this project. So, if at all they sign and they are unable to perform, the Government does not pay anything to them. It has also been said that because of the tolling regime, this project will be expensive, especially to the motorist but there is one aspect that has not been made clear. That is as and when this concessionaire collects the funds from the toll stations, the Ministry will be monitoring the movement of the funds. It has already been calculated that if the returns are about 23 per cent above the normal rate of returns, the Government will allow the concessionaire to keep that amount but any amount above 23 per cent to 27 per cent, the Government will share with the concessionaire. That is 25 per cent will go to the Government which means that the Government will start making money out of that concession. If the amount goes beyond 27 per cent, then the Government will share 50-50 with the concessionaire. If it went above 30 per cent, then the Government will acquire 75 per cent of the money. So, the full amount will not go to the concessionaire because the amounts will come back to the Government."
}