Business

East coast railway link needs $2.3bn

THE rehabilitated section of the inter-mine railway line at KCM's Cop Two open pit mine.

ESTHER MSETEKA, Lusaka
GOVERNMENT is looking for US$2.3 billion to start the construction of Chipata-Petauke-Serenje railway line aimed at enhancing the country’s regional trade and transport competitiveness.

The project will link Zambia’s main railway network with Malawi through the existing Chipata-Muchinji railway line, which forms part of the Nacala Corridor.

Ministry of Transport and Communications permanent secretary Misheck Lungu said the project will provide an alternative trade route to the east coast of Africa via the port of Nacala in Mozambique.
Mr Lungu said in an interview recently that the Nacala port provides a shorter route to overseas markets and is one of the deepest ports in Africa with a capacity to accommodate bigger vessels.
“The Chipata-Petauke-Serenje railway line is under consideration by the Ministry of Finance and they are currently looking for possible funders for the project, so that they can agree on…http://epaper.daily-mail.co.zm/

Facebook Feed

Ad1