President Levy Mwanawasa announced Thursday that Zambia had secured a loan of 39 million dollars from China to be used for repairing infrastructure that has been destroyed by floods.
Mwanawasa said the money from Beijing will be used to procure earth-moving equipments that will be used in the construction of roads and bridges, which were destroyed by heavy rains.
â€œWe have secured a 39 million dollar loan from China to be used for the procurement of earth moving equipment,â€ Mwanawasa said during a swearing-in ceremony for the new Chinese ambassador to Zambia, Li Qiangmin.
He said the machinery will be in Zambia by June this year.
Heavy rains earlier this year displaced hundreds of thousands of people and destroyed roads, bridges and schools in mainly rural areas.