US$50 Million needed to rehabilitate NCZ

Minister of Finance Margaret Mwanakatwe says government needs about US$50 million to rehabilitate the Nitrogen Chemicals of Zambia (NCZ) in Kafue.

Mrs. Mwanakatwe told parliament during questions for oral answer that government has however not yet found a financier for the rehabilitation of the NCZ.

Mrs. Mwanakatwe says government will retender the rehabilitation process for the NCZ plant once a financier is found.

She has acknowledged that the NCZ plant is currently in an ICU status but that government is doing all it can to remove it from this status

Mrs. Mwanakatwe states that government has no plans to build a new plant.


News source: QFM Radio

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