Khato Civils P6 Billion Lake Malawi Project Goes Ahead
Monday, October 23, 2017
Contrary to widely publicised narrations that Khato Civils and Malawi Water Board were flouting Environmental Impact Assessment(EIA) procedures in the implementation of the US $500 million 120km Lake Malawi water project the supreme court of Appeal in Malawi on Friday dismissed such fears and allegations as hogwash and said it was clear from the contract between the developer and the contractor that the EIA had been included and that the fears of the Law Society or whosoever interest it represent was misplaced.
Malawi’s highest court, the Supreme Court of Appeal on Friday cleared the path for Khato Civils to go ahead full throttle with its P6 billion Lake Malawi water project which had been going at a snail’s pace due to a High Court battle launched by the Law Society of Malawi that challenged the execution of the project on account of the lack of Environmental impact assessment.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...