The Chinese government has announced the cancellation of another debt owed by Zambia totalling $70 million.
Chinese Ambassador to Zambia Li Jie announced the development when he paid a courtesy call on Copperbelt Minister Japhen Mwakalombe at the provincial office in Ndola.
He said the debt is in relation to a loan obtained by Zambia for the construction of the multi-purpose Levy Mwanawasa Stadium in Ndola which cost over $70 million to build.
Levy Mwanawasa Stadium, named after third president Levy Mwanawasa, is used mostly for football matches and has a capacity of 49,800 people.
It is situated on T3 High-way well known as Ndola- Kitwe dual carriageway.
And Ambassador Li has reaffirmed his government’s continued commitment to all infrastructure projects being supported by his country.
News source: Zambia Reports