Zambia: China Railway secures $825mln railway modernization contract
Wednesday, 04 March 2020 15:40
Zambia has signed an $825 million deal with China Railway Construction Corp for the modernization of railways in the south of the country, the company said yesterday March 3.
The project will last 8 years and concerns a total of 648.26 km of existing lines, including the Stone-Kafue Bridge (420.67 km), Livingstone-Mulobezi (162.95 km) and Masuku-Choma (64.34 km). No information is given about how the project will be financed.
Let’s note that Zambia’s growing foreign debt is worrying lenders and financial institutions.
Romuald Ngueyap
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