FINANCE Minister Tendai Biti said Friday that China was likely to bankroll several key projects as country looks to rehabilitate its infrastructure after years of neglect.
Speaking to journalists after a meeting Chinese Commerce Minister Chen Deming an optimistic Biti said: "We discussed on how China can assist in capital investments in Zimbabwe, road, transportation, water and power stations. I must say we had a very fruitful discussion,” he said.
"We can see some serious things materialising in the next few weeks.”
Biti said projects likely to be funded by China include the Kariba South Hydro- project, Hwange, the Zambezi river water project as well as Information Communication Technology and the transport sector.
"The discussions are on- going," he said.
Key infrastructure such as the country’s roads as well as water and sewage systems in most towns and cities fell into disrepair due to neglect over the last decade as the country battled serious economic crisis.
Chen Deming also described the meeting as crucial for the economic exchanges between the two countries.
"We had very good exchanges on infrastructure projects in Zimbabwe as well as ways to expand the Zimbabwean trade to China and also with key projects going forward," he said.
He however distanced China from funding Zimbabwe's elections.
"All your Ministers as well as your Acting President they all told me that Zimbabwe is one country, a united country and general elections might be an important political agenda for you.
"It's a domestic thing to do," said Chen Deming.