Cash-strapped BPC receives P1.5bn bailout
Thursday, December 19, 2013
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The details are contained in a report by Parliament’s Finance and Estimates Committee on the 2013/14 Supplementary Budget. The supplementary was passed last Friday, with reservations by some legislators on certain items requested by line ministries.
According to the report, a presidential directive was issued on September 11 for treasury to provide the BPC with P1,49 billion. The funds were specifically for Eskom imports, obligations of the Morupule B loan, Morupule Coal Mine bill and operation and maintenance for the Morupule B project.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...