Zambia awards Chinese company $1.2bn road expansion project
Lusaka — Zambia has awarded a Chinese firm a $1.2bn contract to expand part of a key road linking Zambia to the Democratic Republic of Congo (DRC) and southern African neighbours, President Edgar Lungu said on Friday. China Jiangxi Corporation for International Economic and Technical Co-operation (CJIC) will build the 321km Lusaka-Ndola dual carriageway over four years, Lungu said during the launch. Zambia is Africa’s second biggest copper producer and Ndola is the capital of the nation’s copper-belt region. Chinese investment in Zambia already includes roads, agriculture, mining and energy projects such as a 750MW hydro-power station in the south of the country. "The Lusaka-Ndola dual carriageway will improve the flow of traffic, thereby drastically reducing road traffic accidents on our roads," Lungu said, without stating how it will be financed. "Increased traffic on our roads due to the booming economic activities in various sectors, especially in the mining sector, requires an ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.