Zambia Signs $110 Million Concession Agreement for Kasumbalesa Border Development and Township Roads
The Zambian government has signed a $110 million concession agreement with Ndola-based ZMart Group of Companies for the development of a One-Stop Border Post at Kasumbalesa, alongside the construction of 20 kilometers of township roads in Chililabombwe and Chingola on the Copperbelt.
Attorney General Mulilo Kabesha witnessed the signing, which includes plans for a 2,000-capacity truck park, a multi-facility economic zone, a fire station, 300 shops, a hotel, and a shopping mall.
The agreement was signed in Ndola by Finance and National Planning Minister Situmbeko Musokotwane, Commerce, Trade, and Industry Minister Chipoka Mulenga, and ZMart Group Chief Executive Officer Jignesh Soni.
Dr. Musokotwane highlighted that Zambia is poised for economic growth starting next year, driven by the revival of the mining sector and an improved investment climate.
He emphasized the government’s commitment to leveraging the Public-Private Partnership (PPP) model to execute transformative projects like the Kasumbalesa One-Stop Border Post.
Commerce Minister Chipoka Mulenga echoed these sentiments, stating that the concession demonstrates the government’s confidence in local companies to deliver on key infrastructure projects.
ZMart CEO Jignesh Soni announced that the construction of township roads in Chingola and Chililabombwe will begin immediately, marking a significant step in fulfilling the agreement’s commitments.
Copperbelt Minister Elisha Matambo noted that developmental initiatives across the region have created jobs and improved the quality of life for residents, further underscoring the importance of the signed agreement.
This partnership signifies a major stride in boosting Zambia’s trade infrastructure and fostering regional economic integration.
