The National Pension Scheme Authority (NAPSA) Director General Muyangwa Muyangwa says the Authority has disbursed 35 million dollars out of the total $300 million dollars towards the Ndola Dual Carriage Way construction.
Responding to a Zambian Business Times (ZBT) query on the update on the construction of the road, Muyangwa said the project is advancing, and concrete visibility is expected by the end of this year.
“We have disbursed $35 million dollars out of the $300 million, we are still quite a long way to go, but we are happy with the progress reports that we are receiving, we should be able to start seeing a concrete road as we approach the end of the year in some of the segments,” he said.
He echoed that the Authority will give another progress report in the aspect of the dual Carriage project in the near future.
The Pension Scheme Authority (NAPSA) signed the $300 million funding and investment agreement for the rehabilitation and upgrade of the US$650 million 372-kilometre Lusaka-Ndola road to a dual carriageway.
The long-awaited Lusaka–Ndola dual carriage way is more than a mere transportation link and is expected to create opportunities to empower communities and drive economic growth.
Source: zambianbusinesstimes
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