It stated that the RDA intended to enter into a Public-Private Partnership Agreement in form of a concession to undertake the upgrading of the Lusaka to Ndola road to dual carriageway. The Government of Zambia reportedly issued a sovereign guarantee in support of the loans. This loan is captured via Project ID Jiangxi Bank are unknown. The initial specification for the project included two roads km and 45 km , construction of a new carriageway lane road 6.
However, the final scope of the project included the construction of km of the core Lusaka to Ndola Dual Carriageway, but not the 45 km of the Kafulafuta to Masangano dual road. A formal groundbreaking ceremony took place on September 8, However, work on the project halted in June due to overdue contractor payments.
Construction had not yet begun in earnest. According to the Annual Work Plans of Zambia Road Development Agency, the source of funding for the project was reported to be China Eximbank, in , in and , but in it was reported to be the Bank of China. This issue warrants further investigation. The Road Development Agency shall engage the office of the Attorney General to ensure that any litigation costs were avoided. Jiangxi Bank Co.
Jiangxi Bank is a state-owned commercial bank in China. Recipient Zambia. Sector Transport and storage Code: Flow type Loan. Level of public liability Central government-guaranteed debt. Infrastructure Yes. Intent Development The next section lists the possible statuses. Commercial Development Representational Mixed. Status Implementation The next section lists the possible statuses. Pledge Commitment Implementation Completion. Suspended Cancelled. Milestones Commitment Planned start Additional details 1.
Number of official sources Number of total sources Cofinanced No. Bilateral loan. Engineering, Procurement, and Construction plus Finance agreement arrangement.
