Zambia signs deal with China Railway worth $825m
The project to upgrade Zambia’s railway tracks will last eight years and will cover nearly 650km of lines, China Railway says
03 March 2020 - 18:04
Zambia signed an $825m contract with a China Railway Construction Corporation unit to upgrade tracks in the south of the country, the company said.
The project will last eight years and will cover nearly 650km of lines, China Railway said a statement, without saying how it will be financed. If the government is planning on funding the rehabilitation project through borrowing, it could raise questions about the credibility of measures Zambia announced in February to cut foreign debt...
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