Govt mulls pooling schools’ building funds

Source: Govt mulls pooling schools’ building funds | The Herald May 4, 2016

Bulawayo Bureau
Primary and Secondary Education Minister Dr Lazarus Dokora has proposed that Government gets a share of the building fund from schools, saying the money would be used to create a pool for infrastructure development. Minister Dokora made the proposal while addressing the Zimbabwe Teachers’ Association (zimta) conference which ended on Saturday in Victoria Falls.

He said each school would pay about 5 percent to the centralised fund.

He said his ministry was weighing a number of possible funding mechanisms towards infrastructure development in schools, with a centralised building fund being one of them.

The minister said he had already worked on a blueprint for levies which has been sent to schools, proposing that the Government gets a share of the building fund.

“In terms of infrastructure we have three possible funding sources, namely bilateral loans, infrastructure bonds and joint ventures,” said Dr Dokora.

He said he was finalising financial terms with the Infrastructure Development Bank (IDB) to take bonds.

“We have been having the building fund since 1980 and we have developed a blueprint for levies which we have sent to schools requesting ideas. If I can get 3 or 5 percent from the building fund then I can get a pool fund for schools,” Dr Dokora said.

Parents pay building funds to respective schools and the money is used for construction of infrastructure at the institutions.

Dr Dokora said part of the money will also be used to build teachers’ accommodation.

COMMENTS

WORDPRESS: 3
  • comment-avatar
    Tjingababili 6 years ago

    SO THEY CAN STEAL BIG TIME, BIG AMOUNTS ! THESE ZANUPF TERRORISTS AND THIEVES! !!!!!!

  • comment-avatar
    FreeZim 6 years ago

    Sorry. No can do. No on trusts govt anymore. Not with one red cent. And anyway we don’t want Dokora as Minister
    He must go

  • comment-avatar

    They want to control it so that they can steal it before anyone else tries. As the saying goes, “Don’t steal the government hates competition”