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Finance and National Planning Minister, Dr. Situmbeko Musokotwane, says Zambia has so far signed Public Private Partnership (PPP) projects worth over US$2 billion.
Musokotwane cited the Lusaka–Ndola dual carriageway, currently under construction, as one of the major PPP projects signed by the Zambian government.
He made the remarks during a plenary session yesterday at the just-ended Inaugural Lobito Corridor Coordination Meeting held in Luanda, Angola.
“The Lobito railway line is premised on a Public Private Partnership (PPP) model,” he said.
Minister of Infrastructure and Urban Development Charles Mulupi said the Lobito Corridor presented Zambia with a significant opportunity to accelerate development.
Read More:Zambia calls on investors to harness Public-Private Partnership model for growth
Mulupi noted that this was why government had upgraded several border points from ordinary border posts to One Stop Border Posts to enhance efficiency and trade.
Similarly, Minister of Transport and Logistics, Frank Tayali, said no country could achieve economic development without a viable transport system.
“This is why government is working hard to resuscitate the rail sector among others,” Tayali stated.
He said assets such as Zambia Railways Limited and the Tanzania–Zambia Railway Authority (TAZARA) were key institutions government aimed to revitalize to improve the movement of goods and services.
The World Bank–sponsored meeting was attended by Zambia, the Democratic Republic of Congo, host country Angola, as well as financiers including the World Bank, International Finance Corporation, the African Development Bank, and the European Union.
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