Govt, ZMart Ink $110 Million Kasumbalesa Development Agreement

By Paul Shalala

Government has signed a 110-million-United-States-dollar Concession Agreement with the Ndola-based ZMart Group of Companies for the construction of a One-Stop Border Post at Kasumbalesa and 20 kilometers of township roads in Chililabombwe and Chingola on the Copperbelt.

Attorney General MULILO KABESHA witnessed the signing of the concession agreement which includes the construction of a 2,000 capacity truck park, a multi facility economic zone, a fire station, 300 shops, a hotel and a shopping mall.

Finance and National Planning Minister SITUMBEKO MUSOKOTWANE, Commerce, Trade and Industry Minister CHIPOKA MULENGA and ZMart Chief Executive Officer JIGNESH SONI signed the concession agreement in Ndola today.

And Dr. MUSOKOTWANE said Zambia is expected to witness a boom in the economy from next year due to the revival of the mining sector and good investment climate provided by government.

He added that the signing of the Concession Agreement for the Kasumbalesa One Stop Border Post shows how courageous government is to implement the Public Private Partnership model.

Meanwhile, Commerce, Trade and Industry Minister CHIPOKA MULENGA said the signing of the concession with ZMart Group of Companies shows the  confidence government has in local companies to perform projects in the country.

And ZMart Group of Companies Chief Executive Officer JIGNESH SONI said the construction of 20 kilometers of township roads in Chingola and Chililabombwe will commence immediately.

Meanwhile, Copperbelt Minister ELISHA MATAMBO said the many developmental projects being implemented on the Copperbelt have brought jobs and improved the lives of the people.