Lusaka-Ndola dual carriageway concession agreement to be signed

By Clinton Masumba

Government will in the next three weeks sign a concession agreement under a Public-Private Partnership financing model for the construction of a dual carriageway from Ndola to Lusaka.

Finance and National Planning Minister SITUMBEKO MUSOKOTWANE has announced during the 2023 Post Budget Symposium in Kitwe on the Copperbelt.

Dr. MUSOKOTWANE has further disclosed that government will proceed to sign two more concession agreements to work on the Ndola – Mufulira Road and a build a road from Kolwezi in the Democratic Republic of Congo -DRC- to Lumwana to enhance trade between the two countries.

He said this is because government appreciates the importance of an improved road network to facilitate development through easy movement of goods and services.

Meanwhile, the Finance Minister said government is working towards consolidating economic stabilisation to allow the private sector thrive without worrying on policy changes.

He said the proposed tax incentives on the mines are aimed at aligning with competing countries in line with increasing copper production as well as attracting more investors in the sector.

Dr. MUSOKOTWANE further indicated that government is also concerned with high unemployment levels in the country which he said has to be addressed with the help of the private sector.

And Bank of Zambia Governor DENNY KALYALYA said the proposal to maintain international reserves to above three months of import cover should not be something to worry about.

Earlier, Kitwe District Chamber of Commerce, Trade and Industry President EMMANUEL MBAMBIKO commended government for managing to stabilise key economic drivers within a year.

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