The New Dawn Government has clinched a USD 577 Million concession agreement deal with Macro-Ocean Investment Consortium for the financing, construction, operation and maintenance of 327 Kilometers Ndola-Lusaka Dual Carriage Way
Besides the 327 Kilometers Ndola-Lusaka dual carriageway project, the 25-year deal will also see the rehabilitation of the 45 Kilometers Luanshya-Fisenge Masangano Road.
Minister of Finance and National Planning Dr. Situmbeko Musokotwane signed the concession agreement for the Public Private Partnership Project for the upgrading of the Ndola Lusaka Road into a dual carriage way on behalf of the Government with E Shangfa signing on behalf of the consortium.
Speaking after the signing ceremony at Protea Hotel in Ndola, Dr Musokotwane said there is a need to manage roads profitably and further highlighted the advantages of the project.
“This is our road. It is not a road for the concessionaires. So the responsibility is to make sure that we use this road responsibly so that we minimise the costs. If the cost rises, the tolls will go up. If we misuse the road and the maintenance costs go up, the tolls rise. It means that when we are given limits, generously we are saying don’t overload your trucks. It is in our interest as road users to ensure that we don’t overload because if we overload we are going to pay the cost. So it is our responsibility as citizens if you see somebody overloading the truck it is actually your citizen’s duty to call RDA or police. If the road gets damaged we are all affected. In the construction phase jobs will be created. Those of you who are subcontractors prepare yourself but deliver quality. Along the road there will be so many businesses coming. The congestion that we will see today will disappear. There is everything good about this project,” Dr. Musokotwane said.
Macro Oceans Investment Director Consultant E Shangfa assured that the firm will put up quality works within the timeframe of three years (36 months).
“This project with a direct investment of USD 577 Million shall see the new Lusaka Ndola road be upgraded to a 327 Km dual carriage way all the way from Lusaka and the rehabilitation of 45 Kms of the Luanshya -Mafinge Road. This is a very big milestone in the history of the country as the road remained a single carriage-way from independence. The new dual carriage way shall not only ensure road safety for motorists and passengers following the many accidents that have claimed many lives on the road but it shall also provide better driving experience to motorists thereby reducing travel time and cost between the many cities along the road,” Shangfa said.
“We are confident that through efficiencies to be created by the new road there shall be exploitation of many export opportunities for Zambian goods and products and shall reduce the cost of doing business as compared to the current situation. We would like to assure the government of our commitment to build a high quality road within 36 months of commencement of works. It is our hope that the financial negotiations shall be concluded within the next six months so that project construction can commence. It is also our pledge that we shall ensure smooth operation of the road while construction works are underway and provide good operation and maintenance service after the project is completed,” he said.
“We further wish to assure the government of our commitment to involving local participants with opportunities for investment, construction, and maintenance, to ensure the local people and businesses also benefit from this project through its lifespan. Our company shall employ many experts and qualified staff and non skilled labor during the construction phase of the project and a further more after construction is completed during operation and maintenance period. These jobs shall translate into stable incomes to over 500 households in Zambia thereby reducing the levels of poverty which is one of the major objectives of your government,” Shangfa said.
Minister of Infrastructure Charles Milupi said the launched deal of constructing the Ndola Lusaka Road is now cheaper compared to the contract signed by the previous PF Government.
Dr. Situmbeko Musokotwane led a delegation of Ministers, chiefs, senior Government officials, UPND officials, private sector partners and other stakeholders during the event at Protea Hotel in Ndola.