DEBT OWED TO CONTRACTORS LEADING TO INCREASED STALLED PROJECTS

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DEBT OWED TO CONTRACTORS LEADING TO INCREASED STALLED PROJECTS

NSMCA

 

 

By Mwenya Mofya

 

Despite assurance from the government that the debt owed to local contractors will be paid, the National Association for Medium and Small Scale Contractors is of the view that the pending debt has contributed to the increasing number of stalled projects in the country.

 

The government owes 16.7 billion kwacha to local contractors as at the end of March 2019, up from 15.6 billion Kwacha as at December 2018.

 

Speaking with 5fm news, Association General Secretary Danny Simumba says local contractors are unable to contribute towards the growth in the sector as they are not paid on time.

 

He has since implored the government to prioritize local contractors by dismantling the pending debt as soon as possible.

 

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