A SHOPPING Mall near National Heroes Stadium has been earmarked under a public private partnership (PPPs) for development to enhance economic activity and to give the surrounding area a facelift, the Zambia Development Agency has disclosed.
ZDA acting director of investments Robert Banda said in an interview that Government will soon undertake feasibility studies on the Independence Mall project to pave way for the development of the project.
Mr Banda said Government will also tender for a private partner to co-develop the project that is expected to generate a number of jobs for the community.
He, however, said the cost of the project will be determined once feasibility studies are concluded to the socio-economic benefit.
“The Independence Mall project will be significant because of the jobs it will generate,” he said.
Mr Banda said once developed, the project will accelerate PPPs in the country and spur development.
He said PPPs remain critical in the development process agenda noting that most developed countries have witnessed due the initiative.
Meanwhile, ZDA director general Patrick Chisanga said ZDA will continue to assist in the facilitation of PPPs as they are key in accelerating growth.
Mr Chisanga, who recently appeared before the parliamentary committee on Economic Affairs, Energy and Labour said the agency has in the last six years facilitated two PPP transactions including the border crossing at Kasumbalesa Border between Zambia and the Democratic Republic of Congo and lease of the University of Zambia land for the construction of the East Park Mall and students’ hostels.