The Zambia and Chinese governments have signed a 150 Yuan loan contract for the construction of a new stadium in Ndola.
Finance and National Planning Minster Situmbeko Musonkotwane signed on behalf of the Zambian Government while Chinese Ambassador to Zambia Li Qiangmin signed on behalf of his government.
And Anhui Foreign Economic Construction Company of China has been engaged to carry out the 26 months construction project.
Speaking at the signing ceremony in Lusaka today,Dr. Musonkotwane expressed happiness that China has continued to show its continued support towards infrastructure development in Zambia.
Dr. Musonkotwane noted the project which is expected to start by June this year has come at right time when many of the local people are losing jobs due to global economic meltdown.
He said it is for this reason that government is pleased as the project will not only improve the sports standards in the country but will also cushion the impact by creating more job opportunities for the local people.
He urged the business community in the country to take advantage and boost their businesses by building more infrastructures such as hotels, lodges and shops around the stadium.
And at the some ceremony Chinese Ambassador to Zambia Li Qiangmin retaliated his government commitment towards infrastructure improvement in Zambia.
Mr. Li said despite the economic hardships that most of the countries are facing in the World, China will ensure that it implement all the projects that it has started.
He further assured the Zambian government that work will be done according to schedule by the engaged constructor.
And in Mumbwa district, a Chinese Mining Investment Firm has donated K10 million towards the development of infrastructure at Nangoma High School .
Senior Chief Shakumbila of the Sala People disclosed to ZANIS that a Chinese Firm called common Resources Holdings (CRH) donated the money towards the expanding the infrastructure of the school.
The Chief said that he was happy with the assistance made by the investors, adding that Traditional Leaders appreciated efforts that aimed at propping up education in Chiefdoms.
He said the management of the firm had informed him that they were still prospecting for minerals in his chiefdom, and that more donations could follow after the commencing of production.
And Mumbwa District Commissioner Dowell Chilimboyi said the donation was illustrative of the private public – Partnership (PPP) that was needed in complementing government’s efforts towards improving the education sector in rural areas.
Mr. Chilimboyi urged other investors in the district to emulate common Resource Holdings Firm adding that much could be achieved if government and the private sector worked together in developmental projects involving education infrastructure.