Ministry of Infrastructure, Housing and Urban Development has announced that the Lusaka-Ndola dual-carriageway will be operated by Macro Oceans Investment Limited in Zambia.
A consortium of Chinese companies will finance upgrading a 327 km road linking Lusaka to Ndola, in the country's Copperbelt province. The Macro Ocean Investment Consortium comprises AVIC International Project Engineering, Zhenjiang Communications Construction Group and China Railway Seventh Group.
The concession agreement is valued at US$650 million under the Public Private Partnership (PPP) procurement model that covers a three-year construction period, after which Macro Oceans Investment Limited will operate the road for 22 years.