Business

UK experts coming to discuss PPP

NKOLE MULAMBIA, Ndola
A TEAM of experts from the United Kingdom is expected in Zambia this month to discuss the concept of public private partnerships (PPPs), Minister of Commerce, Trade and Industry Margaret Mwanakatwe has said.
PPP is a contractual arrangement whereby the private sector performs government functions of service delivery or infrastructure development, or uses state property, and assumes associated risks for the property, on behalf of Government, for a defined and agreed period of time.
Mrs Mwanakatwe said the team will arrive in the country on July 22.
“We are engaged with the British government, and on July 22, a team of experts are coming through to Lusaka to talk to us and the private sector on the PPP concept which needs to be well understood,” she said at a business forum held on Thursday during the ongoing Zambia International Trade Fair.
Mrs Mwanakatwe said although Government budget basket is not enough to support PPP, local investors should come on board to talk to Government on the concept instead of leaving it to foreign investors.
She was optimistic that the country could achieve substantial economic growth if it embraced the PPP concept.
“I want to dwell on the political will and assure you that Government is committed to promote PPP through Zambia Development Agency and through Ministry of Commerce, Trade and Industry,” she said.
Meanwhile, ZDA director of PPP Henry Sakala said Government is pursuing many projects under PPPs in agriculture, energy, transport, education, construction and health sectors.
“We are still looking for more PPPs as the country can benefit more,” Mr Sakala said, citing the Itezhi Tezhi hydro power, thermal power plant developed by ZCCM-Investment Holdings.
Others are another hydro-power station which is likely to generate 800 megawatts (MW) on the Zambian side and 800MW on the Zimbabwean side as projects under the PPP arrangement.

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