The Government of Zambia, and concessionaire Macro-oceans Investment Limited, have signed a 25-year Public-Private Partnership concession agreement, for the upgrade of the 327-kilometer Ndola-Lusaka Road, to a dual carriageway, at a cost of over 577 million dollars.<\/p>\n\n\n\n
The projects include rehabilitation of 45 kilometers of the Luanshya \u2013 Fisenge – Masangano Road.<\/p>\n\n\n\n
Speaking during the signing ceremony in Ndola, Finance and National Development Minister, Situmbeko Musokotwane, says Public Private Partners are responsible for organizing finances, building the road, and operate it profitably.<\/p>\n\n\n\n
Dr. Musokotwane says the mechanism is designed to service all the financial obligations of the contract, from the toll fees that will be collected.<\/p>\n\n\n\n
The scope of the project will include others such as construction of two weighbridges, two toll gates, bypasses for Kabwe and Kapiri Mposhi, and expansion of existing bridges.<\/p>\n\n\n\n
The latest deal is far below the 2017 deal of one point two billion dollars ($1.2 billion), commissioned by former President Edgar Lungu, and an advance thirty million dollars ($30 million) was paid to the contractor.<\/p>\n\n\n\n
However, when it ascended to State House, the new dawn government canceled the project, citing mass irregularities.<\/p>\n\n\n\n
By Lovemore Sondashi<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Government of Zambia, and concessionaire Macro-oceans Investment Limited, have signed a 25-year Public-Private Partnership concession agreement, for the upgrade of the 327-kilometer Ndola-Lusaka Road, to a dual carriageway, at a cost of over 577 million dollars. The projects include rehabilitation of 45 kilometers of the Luanshya \u2013 Fisenge – Masangano Road. Speaking during the …<\/p>\n","protected":false},"author":3,"featured_media":3340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14,30],"tags":[58,39,120,32],"class_list":["post-3339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-community","tag-community","tag-economy","tag-road-infrastructure","tag-zambia"],"aioseo_notices":[],"yoast_head":"\n