Rédaction Africa Links 24 with Chief Editor
Published on 2024-03-26 11:29:42
The National Pensions Scheme Authority (NAPSA) has made a significant $650 million deal with Macro Oceans Investment Consortium (MOIC) to begin the transformation of the Lusaka-Ndola dual carriageway. This momentous agreement was celebrated in a ceremony where NAPSA Director General, Muyangwa Muyangwa, revealed the scope of the project, which includes upgrading the 327-kilometer road and rehabilitating the 45-kilometer Luanshya-Fisenge-Masangano route.
Under the terms of this agreement, Macro Oceans Investment Consortium will take on a 25-year concession period to finance, design, construct, and maintain both roads. This partnership represents a significant investment in Zambia’s transportation infrastructure and is expected to have a lasting impact on the country’s development.
Myra Ngoma, Vice Chairperson of the NAPSA Board, highlighted the numerous benefits that will arise from the construction of these roads. She emphasized the improved connectivity and economic growth that will result from the upgraded infrastructure. The enhanced transportation network is also expected to facilitate the movement of goods, further boosting economic activities along the corridor.
Laurian Haangala, representing the Workers Compensation Control Board, expressed optimism about the long-term advantages of investing in road infrastructure. He believes that such investments will pay off for Zambia in the years to come, spurring economic growth and development.
E. Shangfa, the representative of Macro Oceans Investment Consortium – LN Consortium Limited, exuded confidence in the timely completion of the project. He assured that the construction of the road would be finished within three years, signaling a commitment to delivering on their promises.
The signing of this historic agreement represents a crucial milestone in the modernization and development of Zambia’s transportation infrastructure. As the project moves forward, there is a sense of optimism about the socio-economic transformation it will bring to communities along the Lusaka-Ndola corridor. The upgraded roads are expected to not only improve connectivity but also stimulate economic activities and spur growth in both urban and rural areas.
Overall, this partnership between NAPSA and Macro Oceans Investment Consortium marks a significant investment in Zambia’s future. The transformation of the Lusaka-Ndola dual carriageway represents a major step forward in the country’s development and underscores the importance of investing in infrastructure to drive economic growth and improve the livelihoods of its citizens.
Read the original article on Lusaka Times
