Finance

Zambia: China Railway Construction Corp gets $2.3bn contract to build railway

Monday, 07 November 2016 14:21

China Railway Construction Corp has announced in a statement published on November 3, that one of its subsidiaries won a $2.3 billion contract in Zambia to build a railway that will connect Chipata (in the East) to Serenje (in the Centre).

Construction works for the 388km-long infrastructure should last four years. The contract for the project was signed by China Civil Engineering Construction Company (CCECC) and Zambia’s Ministry of Transport.

“This project aims at enhancing regional trade and transport competitiveness by providing an alternative trade route to the East Coast of Africa via the Port of Nacala in Mozambique,” Zambia’s Minister of Transport, Brian Mushimba, said at the related signing ceremony in Lusaka.     

According to him, the new railway will also connect Zambia and Malawi through the existing Chipata-Mchinji line.

China’s Ambassador to Zambia, Yang Youming said the project would also help provide access to the sea for various landlocked Southern African nations.I believe it will be an important part of the integrated southern African transportation system which connects Zambia with Tanzania, the Democratic Republic of Congo, Malawi and Mozambique,” he said.  

Walid Khefifi

On the same topic
IFC reviewing €7.5M loan for Catramp’s regional logistics expansion in Central Africa Project to boost warehouse capacity in Cameroon, Chad, and...
The Central Bank of Guinea plans a payment system modeled on Kenya’s M-Pesa. The initiative aims to reduce reliance on cash and expand digital...
The African Union launches the 2025–2034 Decade of Education and Skills Development. UNESCO supports regional programs to embed sustainability in...
Standard Bank to open Cairo office on Nov. 12, 2025 Office to boost trade links between Egypt, Gulf, and Africa Bank also seeks full license...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
04

With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...

With Costs High, IRENA Urges Global Pact to Quadruple Sustainable Fuel Production
05

Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...

Zambia’s Inflation Retreat Extends to Six Months as Policy Mix Gains Traction
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.